<p>WEIYE HOLDINGS (01570.HK) issued a profit warning, expecting a loss of approximately RMB 23 million for the six months ending in June, compared to a loss of RMB 63 million in the same period last year. The reduction in loss is mainly due to the impairment losses on development properties and prepaid expenses recognized in the same period last year, as well as a decrease in administrative expenses</p>

01570

<p>WEIYE HOLDINGS issued a profit warning, expecting a loss of approximately RMB 23 million for the six months ending in June, compared to a loss of RMB 63 million in the same period last year. The reduction in loss is mainly due to the impairment losses on developed properties and prepaid expenses recognized in the same period last year, as well as a decrease in administrative expenses</p>

"Profit Alert" WEIYE HOLDINGS forecasts a mid-term loss narrowing to 23 million RMB