BAOYE GROUP issues profit warning, expects mid-term net profit to decline by approximately 63%

Zhitong
2025.08.22 08:43
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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

According to the announcement from BAOYE GROUP (02355), 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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