SUNAC SERVICES (01516) Expects Interim Profit Attributable to Shareholders of No Less Than RMB 100 Million

Stock News08-19

SUNAC SERVICES (01516) announced that the group expects to achieve unaudited profit attributable to owners of the company of no less than RMB 100 million for the six months ended June 30, 2025 (compared to a loss attributable to owners of the company of approximately RMB 472 million for the same period in 2024).

The increase in profit attributable to owners of the company compared to the same period last year is primarily due to a significant reduction in impairment provisions made against receivables from related parties during the current period.

On the other hand, the group expects both gross profit and gross profit margin to decline compared to the same period last year. This is mainly attributable to the group's decision to defer revenue recognition for certain third-party customers who have completed performance obligations but present high collection risks, as well as increased maintenance and repair costs arising from warranty expiration of projects delivered in recent years.

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