Greentown China (03900.HK) issues profit warning with an expected 90% decrease in mid-term attributable profits for shareholders.

Wisdom Financial News APP reports that Greentown China (03900.HK) has announced that it is expected that the company's shareholders' profit attributable to the mid-year of 2025 will decrease by about 90% to RMB 2.045 billion compared to the same period in 2024. This is mainly due to the uneven distribution of the group's delivery schedule in the first and second half of 2025, with a decrease in year-on-year carried-over area and income in the first half of the year. In addition, the company continues to actively promote the clearance of long-term inventory this year. As a result, the company will make provision for impairment losses on related assets in the mid-year of 2025, which will consequently impact the shareholders' profit.