FilingReader Intelligence
Quzhou Xinan Development warns of 86% profit plunge
July 14, 2025 at 09:40 AM UTC•By FilingReader AI
Quzhou Xinan Development Co forecasts net profit of RMB 21 billion for the first half of 2025, an 86% year-on-year decline.
The drop is attributed to a RMB 1.1 trillion reduction in real estate settlement income compared to the previous year. Non-recurring gains of RMB 40 billion provided some offset.
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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