JIANDE INT'L (00865) issues a profit warning, expecting a mid-term loss attributable to shareholders of approximately 64 million to 67 million yuan.

JIANDE INT'L (00865) announced that the group expects to record a loss attributable to the company's shareholders ranging from approximately RMB 64 million to 67 million for the six months ending June 30, 2026, compared to a loss of approximately RMB 2.45 million attributable to the company's shareholders for the six months ending June 30, 2025. The increase in loss is primarily due to the gross profit turning into a gross loss for the six months ending June 30, 2026, as during this period, in order to reduce the inventory level of completed properties and improve its cash position, the group bundled and sold most of the remaining commercial properties and parking spaces from a real estate project that was completed in 2021 at a discount price below cost through a tender process to independent third parties.