China Tianbao Group (01427) Fa Ying Jing expects a net loss of 60 million yuan to 70 million yuan in the first half of the year

According to the Zhitong Finance App, China Tianbao Group (01427) announced that it is expected that the net loss achieved by the Group for the six months ending June 30, 2026 will be between RMB 60 million and RMB 70 million (six months ending June 30, 2025: net loss of RMB 37.3 million).

The Board of Directors believes that losses during this period were mainly due to a decrease in revenue. Specifically, the Group took the initiative to control accounts receivable risk and control the scale of undertakings, leading to a decrease in the number of construction contracts; and a decrease in the average unit sales price of buildings.