BAOYE GROUP issues profit warning, expects mid-term net profit to decline by approximately 63%
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According to the Zhitong Finance APP, BAOYE GROUP announced that for the six months ending June 30, 2025, the company's owner profit is expected to decline by approximately 63% compared to the same period in 2024; the group's revenue is expected to decline by approximately 33% compared to the same period in 2024. The expected decline is mainly due to the industry downturn, which has led to a significant decrease in both revenue and profit from the group's construction and real estate development businesses
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