SHENYANG PUBLIC issued a profit warning, expecting a year-on-year loss of approximately 4.1 million to 4.3 million yuan in the first half of the year
SHENYANG PUBLIC expects a net loss of approximately 4.1 million to 4.3 million yuan in the first half of 2025, compared to a net profit of approximately 1.9 million yuan in the same period of 2024. The board of directors pointed out that the loss is mainly due to the completion of settlement for infrastructure construction projects, leading to a significant decrease in revenue, as well as a decline in other income
According to the Zhitong Finance APP, Shenyang Public Development Co., Ltd. (00747) announced that the group expects to incur a net loss of approximately RMB 4.1 million to approximately RMB 4.3 million in the first half of 2025, compared to a net profit of approximately RMB 1.9 million in the same period of 2024.
The board of directors believes that the net loss during this period is mainly due to (including) (i) a significant decrease in revenue, as the overall settlement of projects in the infrastructure construction business has been completed in previous periods, and no revenue from this business has been recognized during this period; and (ii) a decrease in other income, as there has been no gain from the sale of assets classified as held for sale compared to previous periods
