China New City Issues Profit Warning: Projects Up to RMB291.00 million FY2025 Loss Amid 91% Drop in Development Revenue

Bulletin Express03-20

China New City Group Limited announced on 20 March 2026 that preliminary unaudited figures point to a net loss of no more than RMB291.00 million for the year ended 31 December 2025, reversing the RMB486.00 million profit recorded in FY2024.

The projected downturn is primarily linked to an anticipated contraction of about 91% in revenue from the commercial property development segment. Management attributes the sharp decline to near-completion of revenue recognition for the International Office Center (IOC) Building A2.1 in FY2024 and an absence of similarly scaled new project sales in FY2025.

By contrast, the property rental segment is expected to deliver revenue growth of at least 23%, providing a stabilising cash inflow amid challenging development-side performance.

Figures remain subject to audit and potential adjustment; the final FY2025 results are scheduled for release on 26 March 2026. The board advises shareholders and potential investors to exercise caution when trading the company’s shares.

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