Jingjia Group: Net profit for 2025 is expected to decrease by 450% - 800%

Jinkai Corporation announced that the estimated net profit attributable to shareholders of the listed company for the year 2025 is expected to be between -50,389.64 million yuan and -25,194.82 million yuan, a decrease of 450% - 800% compared to the same period last year; the non-recurring net profit is expected to be between -62,642.79 million yuan and -31,321.40 million yuan, a decrease of 550% - 1000% compared to the same period last year. The decline in performance is due to some subsidiary businesses falling short of expectations, a decrease in the performance of joint ventures, and overdue receivables in the trade business. The company is expected to make an impairment provision of 4.88 billion - 7.91 billion yuan.