JIACHEN HOLDING (01937) Issues Earnings Upgrade, Anticipates Mid-term Shareholder Net Profit of Approximately 2 to 3 Million Yuan, Turning from Loss to Profit Year-on-Year.

JIACHEN HOLDING (01937) announced that the company's operating performance is expected to turn from a loss to a profit, with a net loss of approximately RMB 1.1 million for the six months ending June 30, 2025, changing to a net profit of between approximately RMB 2 million and RMB 3 million for the six months ending June 30, 2026 (the current period). The board of directors believes that the turnaround in operating performance during the current period is mainly attributable to a significant reduction in the impairment of contract assets, trade receivables, and notes receivable, which is due to improved recovery of trade receivables.