China New City (01321) issues profit warning, expecting a net loss of no more than approximately 40 million yuan in the medium term.

Zhixin financial news app news, China New City (01321) announced that the group is expected to incur a net loss of no more than approximately RMB 40 million during the period from 2025, while for the six months ended on June 30, 2024 (2024 period), the group achieved a net profit of approximately RMB 3.475 billion.