Shanghai Construction Group: Net profit for 2025 is expected to decrease by 44.6% - 53.9%

Shanghai Construction Group announced that it is expected that the net profit attributable to the owners of the parent company in 2025 will be between 1 billion and 1.2 billion yuan, a decrease of 44.6% to 53.9% year-on-year; the non-recurring net profit will be between 40 million and 60 million yuan, a decrease of 90.2% to 93.5% year-on-year. The net profit in the same period last year was 2.168 billion yuan, and the non-recurring net profit was 613 million yuan. The main reason for the performance decline is the impact of fixed asset investment and the real estate market. The company's newly signed contract amount and the scale of construction projects under construction are not as expected, and the non-current asset disposal income has significantly decreased year-on-year. This performance is unaudited, and specific data is subject to the 2025 annual report.