Qingdao Holdings issued a profit warning, expecting a loss of approximately 51.2 million yuan for the year.

Qingdao Holdings announced that as of the end of the fiscal year 2025 on December 31, the group is expected to record an annual loss of approximately RMB 51.2 million, while the annual loss for the fiscal year ending December 31, 2024 was approximately RMB 17.6 million. The losses are mainly due to unfavorable property market conditions leading to a decrease in the fair value of the group's investment properties, as well as an increase in the net amount of impairment of financial assets accounted for at amortized cost.