Baolong Commercial (09909) expects net profit attributable to shareholders to decrease by about 22.0% to 26.0% year-on-year from about 135 million yuan to 143 million yuan in the medium term

According to Zhitong Finance App News, Baolong Commercial (09909) issued an announcement. According to its preliminary assessment of the Group's unaudited management accounts for the six months ended June 30, 2026 (this period) and the data currently obtained, the Group expects to obtain net profit attributable to the owners of the Company for the current period of approximately RMB 135 million to RMB 143 million, a decrease of about 22.0% to 26.0% from approximately RMB 183 million for the six months ended June 30, 2025.

The Board believes that the decrease in profit is mainly due to the following factors: (i) the Group's gross profit declined compared to the same period last year due to changes in the owners of individual retail commercial properties managed by the Group during the period, resulting in a decline in the Group's gross profit compared to the same period last year; and (ii) the termination of individual management contracts for retail commercial properties managed by the Group, which led to a decline in the Group's revenue and profit contribution during the current period.