ST Lingnan announced on the evening of July 14 that the net profit loss attributable to the parent company is expected to be 130 million yuan to 195 million yuan in the first half of 2025, compared with a loss of 259 million yuan for the same period last year. The main reason is that in the first half of the year, due to the impact of cyclicality and changes in market supply and demand, Party A's investment was reduced, new orders fell short of expectations, and overall construction revenue declined; some owners had financial difficulties and the repayment cycle was lengthened, limiting the construction progress of the company's projects under construction. However, the company's daily operating expenses still need to be maintained, resulting in large losses during the reporting period.

ST Lingnan announced on the evening of July 14 that the net profit loss attributable to the parent company is expected to be 130 million yuan to 195 million yuan in the first half of 2025, compared with a loss of 259 million yuan for the same period last year. The main reason is that in the first half of the year, due to the impact of cyclicality and changes in market supply and demand, Party A's investment was reduced, new orders fell short of expectations, and overall construction revenue declined; some owners had financial difficulties and the repayment cycle was lengthened, limiting the construction progress of the company's projects under construction. However, the company's daily operating expenses still need to be maintained, resulting in large losses during the reporting period.