Jianpeng Holdings (01722) issued a profit warning. It is expected that shareholders should account for a comprehensive loss of no less than MOP 25 million in the first half of the year.

According to the Zhitong Finance App, Jianpeng Holdings (01722) announced that the Group expects to obtain an unaudited comprehensive loss of not less than MOP 25 million for the six months ending June 30, 2026 (this period), while in the same period 2025, it will obtain an unaudited comprehensive profit attributable to the Company's owners of about MOP 400,000.

The Board of Directors believes that the Group is expected to lose money for the six months ended June 30, 2026, mainly due to the Group's financial performance changing from gross profit for the same period in 2025 to gross loss for the current period, mainly due to a decrease in the number of construction projects carried out by the Group during the period, which led to a sharp drop of about 51% in revenue, and underutilization of the Group's properties, plants and equipment. As a result, a huge amount of unabsorbed fixed indirect costs (mainly depreciation expenses) has been directly deducted from direct costs; and several construction projects have generated unexpected project countervailing expenses, leading to an increase in direct project costs.