China Cinda (01359.HK) issued a profit warning, anticipating a year-on-year decline of approximately 60% to 70% in mid-term net profit attributable to shareholders.

Zhitong Finance APP news, China Cinda (01359.HK) announced that it expects the groups net profit for the six months ending June 30, 2026, to decrease by approximately 20% to 25% compared to the same period in 2025. The net profit attributable to the companys shareholders for the six months ending June 30, 2026, is expected to decline by approximately 60% to 70% compared to the same period in 2025. The company believes the main reasons for the aforementioned changes are: (1) Due to changes in deferred tax expenses and an increase in taxable income for the current period, the income tax expense has shifted from a reversal in the first half of 2025 to an accrual in the first half of 2026, leading to a decrease in net profit; (2) In the first half of 2026, China Cinda Real Estate is expected to significantly reduce losses year-on-year, and losses attributable to non-controlling interests are expected to decrease significantly year-on-year, resulting in a decline in net profit attributable to the companys shareholders.