LISI GP HOLD issued a profit warning, expecting annual net profit to drop to no more than 40 million yuan
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LISI GP HOLD issued a profit warning, expecting the annual net profit for the year ending March 31, 2025, to drop to no more than 40 million yuan, a significant decrease from approximately 325.1 million yuan in the same period of 2024. The board pointed out that the main reasons for the profit decline include a reduction in pre-tax earnings due to the local government's reclamation of land in Ningbo, an increase in potential valuation losses from the revaluation of investment properties, and an expected increase in impairment losses on financial assets and contract assets
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