"Profit Warning" BBMG forecasts an annual loss of 900 million to 1.2 billion RMB

BBMG (02009.HK) issued a profit warning, expecting a loss of between 900 million and 1.2 billion RMB for the fiscal year 2025, compared to a loss of 555 million RMB in the previous year. During the year, the cement business turned profitable; however, the real estate business was affected by market conditions, with weakened demand and pressured sales prices impacting operating profits in the real estate sector