JiuSteel Group-W (06676.HK) expects a net loss attributable to shareholders of approximately 480 million to 520 million yuan for the medium term.

Zhijing Finance APP News, Zhao Gang Group-W (06676.HK) announced that the group is expected to achieve a net loss of approximately RMB 480 million to RMB 520 million attributable to the owners of the company for the six months ended June 30, 2025, instead of the net profit of approximately RMB 140 million to RMB 180 million as stated in the announcement. However, for the six months ended June 30, 2024, the company's owners are expected to incur a net loss of approximately RMB 76 million. The update is mainly due to further review of the calculation of the fair value changes of the convertible preferred shares. According to the latest assessment, for the six months ended June 30, 2025, the estimated non-cash income from the fair value changes of the preferred shares and financial liabilities measured at fair value with changes in net profit for the period is approximately RMB 110 million, instead of the RMB 769 million as stated in the announcement.