Zhongliang Holdings (02772) Fa Ying Jing estimates that shareholders should account for losses of about 3.3 billion yuan to 3.8 billion yuan in the medium term

According to Zhitong Finance App, Zhongliang Holdings (02772) issued an announcement. Compared with losses due to parent company owners for the six months ending June 30, 2025 and losses attributable to parent company owners after excluding non-cash income from revised foreign debt, which were approximately RMB 800 million and RMB 2.5 billion, respectively, the Group is currently expected to record losses attributable to parent company owners for the six months ending June 30, 2026 (reporting period). The increase in losses during the reporting period was mainly due to (i) the decline in revenue and gross profit from the sale of properties due to continued adjustments in the domestic real estate market and a decrease in property deliveries; and (ii) further depreciation of property projects and other assets. Furthermore, part of the loss for the six months ended June 30, 2025 was offset by one-time non-cash income generated by the Group's completion of overseas debt revisions in June 2025.