CHINA AOYUAN issues a profit warning, expecting a net loss of no more than 9.5 billion yuan for the interim period, turning from profit to loss year-on-year
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CHINA AOYUAN issued a profit warning, expecting a net loss of no more than 9.5 billion yuan for the six months ending June 30, 2025, compared to a net profit of 22.1 billion yuan in the same period last year. The loss turned into a net loss mainly due to the overseas debt restructuring gains obtained in 2024. Excluding the restructuring gains, the current period's loss is expected to increase by no more than 5 billion yuan compared to the same period last year, mainly due to increased provisions for impairment of available-for-sale properties, credit loss provisions, and asset disposal losses
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