FilingReader Intelligence
China New City Group warns of expected half-year loss
August 20, 2025 at 01:40 PM UTC•By FilingReader AI
China New City Group expects to report a net loss of not more than RMB40 million for the six months ended 30 June 2025, compared to RMB347.5 million net profit in the same period of 2024.
The shift follows completion of revenue recognition for its International Office Center Building project in 2024, leading to an estimated 94% decline in commercial property development revenue.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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HKEX:1321•Hong Kong Exchange
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