Kaisa Prosperity (02421.HK) issues profit warning, expects interim profit attributable to shareholders to fall about 50% year-on-year.

Zhitong Finance APP News, Kaisa Prosperity (02421.HK) announced that it expects the profit attributable to owners of the Company for the six months ended September 30, 2026 to decrease by approximately 50% compared with the same period in 2025. The decrease is mainly due to the continued adjustment in China's real estate market and persistently weak market demand, which led to a reduction in the Group's property sales scale and revenue recognized from delivery and carry-over compared with the same period last year; and in response to the current market environment, the Group adopted proactive sales pricing strategies for certain projects, resulting in a slight decline in the Group's overall gross profit margin compared with the same period last year.