ST Lingnan: It is expected to have a net loss attributable to the parent company of 130 million to 195 million yuan in the first half of the year.

ST Lingnan announced on the evening of July 14 that it is expected to incur a net loss attributable to the parent company of 130 million to 195 million yuan in the first half of 2025, compared to a loss of 259 million yuan in the same period last year. The main reasons for this are that in the first half of the year, due to the impact of the cyclical nature of the industry and changes in market supply and demand, investment from the first party decreased, new orders did not meet expectations, and overall construction income decreased. Some project owners are facing financial difficulties, leading to longer payment cycles, which are constraining the progress of the company's projects under construction. However, the company still needs to maintain its daily operating expenses, leading to significant losses in the reporting period.