CENTRAL CHINA (00832) issues a profit warning, expecting a mid-term loss attributable to shareholders of approximately 1.6 billion to 1.9 billion yuan.

CENTRAL CHINA (00832) announced that it expects the Group to incur a loss attributable to equity shareholders of approximately RMB 1.6 billion to RMB 1.9 billion for the six months ending June 30, 2026, compared to an attributable loss of approximately RMB 1.3 billion for the six months ending June 30, 2025. The loss attributable to equity shareholders is mainly due to the combined impact of the macroeconomic situation and the adjustment of the real estate market: on one hand, based on the principle of prudence, the Group conducted impairment tests on inventory, receivables, and equity interests in joint ventures and associates, and made corresponding provisions for impairment. Notably, given that the Group plans to dispose of its cultural tourism projects in the second half of the year, which is expected to result in disposal losses, the Company has proactively made provisions for the anticipated disposal losses in the first half of the year; on the other hand, the real estate businesses' revenue and gross profit have declined year-on-year, failing to effectively cover the Group's various costs and operating expenses.