China Cinda: Expected net profit in the first half of the year to decline by 20% to 25% year-on-year.

China Cinda announced that it expects the company's net profit in the first half of this year to decrease by 20% to 25% year-on-year, and the net profit attributable to shareholders to decrease by 60% to 70% year-on-year. In the announcement, China Cinda stated that the decline in net profit was mainly affected by changes in deferred income tax expenses and an increase in taxable income for the current period; the significant year-on-year decrease in net profit attributable to shareholders was primarily due to Cinda Real Estate's expected substantial reduction in losses compared to last year, along with a significant decrease in losses attributable to non-controlling interests year-on-year.