ZHONGGAN COMM (02545) Issues Profit Warning, Expects Interim Profit Attributable to Shareholders to Drop to No More Than RMB 5 Million

Stock News08-15

ZHONGGAN COMM (02545) announced that it expects the group's profit attributable to equity shareholders for the interim period (six months ended June 30, 2025) to be no more than RMB 5 million, compared to approximately RMB 18.6 million for the six months ended June 30, 2024.

The board of directors believes that the expected decrease in the group's profit attributable to equity shareholders is primarily due to: (i) the substantial completion of several large-scale telecommunications infrastructure service projects in the first half of 2025, and limited initial orders from customers for newly awarded telecommunications infrastructure service projects, resulting in an overall reduction in construction works; and (ii) a decrease in the number of contracts secured for software solution service projects, leading to reduced revenue and gross profit generated from digital solution services.

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