BEIJING JIAYE issues profit warning, expecting mid-term pre-tax profit to decrease by 40% to 50% year-on-year
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BEIJING JIAYE issued a profit warning, expecting that the interim pre-tax profit for the period ending June 30, 2025, will decrease by 40% to 50% year-on-year, ranging from RMB 31.1 million to 37.3 million. The reasons for the decrease include increased upfront and quality maintenance investments in property management projects to gain market share, as well as a significant decline in rental prices for box-type housing due to changes in market demand, leading to the recognition of impairment losses
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