In the profit warning, ZHONGLIANG HLDG forecasts a half-year loss of 500 million to 1 billion RMB

ZHONGLIANG HLDG (02772.HK) issued a profit warning, expecting a loss of between 500 million to 1 billion RMB for the six months ending in June; excluding the non-cash gains and losses from the restructuring of overseas debts, the loss is expected to be between 2.1 billion to 2.8 billion RMB, compared to a loss of 2.1 billion RMB in the same period last year. The anticipated loss is mainly influenced by the domestic macro market environment and the ongoing difficulties in the real estate industry, with reduced property deliveries leading to decreased revenue from property sales, a decline in gross profit, and further impairment of property projects and other assets