CGII HLDGS issues earnings guidance, expecting net profit for the first half to increase to no less than 70 million yuan
CGII HLDGS expects that its net profit for the six months ending June 30, 2025, will not be less than RMB 70 million, a significant increase compared to RMB 51.79 million for the same period in 2024. The main reason for the increase in net profit is that there were no impairment losses on properties, plants, and equipment during this period, while there were approximately RMB 37.89 million in impairment losses for the same period in 2024. In addition, an increase of about RMB 10 million in credit loss provisions for trade receivables also impacted the profit
