Zhongan Group (00672)'s net loss expected that shareholders should account for no more than 220 million yuan in net loss over the medium term

According to Zhitong Finance App News, Zhongan Group (00672) announced that the Group expects the six months ending June 30, 2026 (2026 period) to obtain no more than RMB 220 million in net losses attributable to the owners of the parent company, while for the six months ending June 30, 2025 (the period 2025), the net profit attributable to the owners of the parent company will be approximately RMB 64.6 million.

The expected change from profit to loss for the 2026 period is mainly due to the fact that the total floor area of the properties delivered during 2026 decreased by more than 70% compared to the 2025 period, and the average sales price per square meter of related properties fell by about 33.0% compared to the 2025 period, resulting in a significant decrease of about 80.0% and 81.5%, respectively, of the property sales revenue and gross profit that can be included in the 2026 period compared to the 2025 period; however, the sales cost per square meter of related properties also decreased slightly compared to the 2025 period. Approximately 2.6 percentage points, and there was no one-time re-measurement of about RMB153 million in the associated company made during 2025.