SH PIONEER HLDG issued a profit warning, expecting a year-on-year decline of approximately 45% to 48% in mid-term net profit
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According to the Zhitong Finance APP, SH PIONEER HLDG announced that it expects the group to achieve a net profit of approximately RMB 48 million to 45% lower than the RMB 87.9 million in the same period last year for the six months ending June 30, 2025. This decline is mainly due to a significant decrease in government subsidies received by the group during the reporting period compared to the same period last year (a reduction of over RMB 30 million)
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