China Cinda (01359) issued a profit warning. Net profit attributable to shareholders is expected to drop by about 60% to 70% year-on-year in the medium term

According to Zhitong Finance App, China Cinda (01359) announced that the Group's net profit for the six-month period ending June 30, 2026 is expected to decrease by about 20% to 25% compared to the same period in 2025, and the Group's net profit attributable to the Company's shareholders for the six-month period ending June 30, 2026 will decrease by about 60% to 70% compared to the same period in 2025. The Company believes that the main reasons for these changes are: (1) due to changes in deferred income tax expenses and an increase in current taxable income, resulting in a decline in net profit due to changes in deferred income tax expenses and an increase in current taxable income; (2) Cinda Real Estate expects a significant year-on-year reduction in losses in the first half of 2026, and losses attributable to uncontrolled rights dropped sharply year-on-year, leading to a decline in net profit attributable to the Company's shareholders.

In the first half of 2026, the company insisted on focusing on its main business to effectively improve the quality and efficiency of serving the real economy in key areas such as disposal of non-performing assets, bailout of problematic institutions, and corporate restructuring. Continue to build differentiated competitive advantages, improve resource allocation efficiency, speed up asset disposal and payback, strengthen comprehensive risk management, guarantee sufficient capital levels and safe margins of liquidity, reasonably control operating costs while maintaining overall operational stability, and achieve steady growth in pre-tax profits. The company will resolutely implement the central government's decisions and arrangements, focus on the five major financial articles, build on financial bailouts and countercyclical adjustment functions, give full play to the role of preventing and mitigating risks and serving the real economy, and unswervingly follow the path of high-quality development of financial asset management companies with Chinese characteristics.