Magic Decoration Co., Ltd.: Expected net loss of 35 million to 52.5 million yuan in the first half of 2025

Magic Decoration Co., Ltd. announced that it expects a net loss attributable to shareholders of the listed company of between RMB 35 million and RMB 52.5 million for the period from January 1, 2025, to June 30, 2025, compared to a loss of RMB 22.3911 million in the same period last year. The company is further improving its business acceptance review mechanism, actively abandoning projects with longer cycles and potential risks in payment collection. At the same time, due to the increasingly fierce competition in the decoration and renovation industry and the heated competition for market share, the company's business volume has shrunk to a certain extent, leading to a year-on-year decline in operating revenue