ZHONGLIANG HLDG (02772) issues a profit warning, expecting a mid-term loss attributable to shareholders of approximately 3.3 billion to 3.8 billion yuan.

ZHONGLIANG HLDG (02772) announced that, compared to the parent company's attributable loss of approximately RMB 800 million and the adjusted attributable loss of approximately RMB 2.5 billion from non-cash gains arising from the revision of overseas debts for the six months ending June 30, 2025, it is currently expected that the Group may record a parent company's attributable loss of approximately RMB 3.3 billion to RMB 3.8 billion for the six months ending June 30, 2026 (the reporting period). The increase in losses during the reporting period is mainly due to (i) the continuous adjustment of the domestic real estate market, leading to a decrease in property delivery volume, which resulted in a decline in revenue from property sales and a reduction in gross profit; and (ii) further impairment of property projects and other assets. In addition, part of the losses for the six months ending June 30, 2025, was offset by a one-time non-cash gain arising from the Group's completion of the revision of overseas debts in June 2025.