Zhongqing Holdings (01855.HK) issued a profit warning, expecting a net loss of approximately 5 million to 20 million yuan in the first half of the year.

Zhitong Finance APP reported that Zhongqing Holdings (01855.HK) announced that the group expects to incur a net loss of approximately RMB 5 million to 20 million for the six months ending June 30, 2026, compared to a net profit of approximately RMB 36.3 million in the same period of 2025. This change is primarily attributed to a decline in revenue, mainly due to the group's key projects entering the final stages of completion, resulting in reduced revenue recognition during the reporting period. In addition, new orders are still in the early implementation phase and have not yet contributed to revenue. The combined impact of these two factors has led to a decrease in the group's revenue during the reporting period, while costs have not correspondingly decreased, resulting in a decline in both gross profit and gross profit margin.