CHINA NEWCITY (01321) issued a profit warning, expecting a net profit attributable to shareholders of approximately 92.7 million yuan for the interim period, reversing a loss from the same period last year.

CHINA NEWCITY (01321) announced that the Group expects to achieve a net profit attributable to the owners of the parent company of approximately RMB 92.7 million for the six months ending June 30, 2026 (the 2026 period), compared to a net loss attributable to the owners of the parent company of approximately RMB 35.5 million for the six months ending June 30, 2025 (the 2025 period). The anticipated turnaround from loss to profit in the 2026 period is mainly due to the expected fair value gain of approximately RMB 264 million from the revaluation of investment properties during the 2026 period, whereas during the 2025 period, the Group recorded a fair value loss on investment properties of approximately RMB 8.6 million.