Ruiwei Asset Management (01835) is expected to achieve a net loss of no more than 3 million yuan in the medium term and a year-on-year profit to loss

According to Zhitong Finance App News, Ruiwei Asset Management (01835) issued an announcement. According to the information currently available to the board of directors and a preliminary review of the Group's latest unaudited comprehensive financial data for the six months ended June 30, 2026 (current period), the Group expects to achieve a net loss of no more than RMB 3 million during the current period, and a net profit of about RMB 2.4 million for the six months ended June 30, 2025. The Group expects the shift from net profit to net loss for the period due mainly to: (i) a marked decline in revenue from investment advisory services related to real estate due to the market environment in the real estate industry; and (ii) an increase in administrative expenses compared to the same period last year.