Zhongqing Co., Ltd. (01855) is expected to lose about 5 million yuan to 20 million yuan after tax in the first half of the year

According to the Zhitong Finance App, Zhongqing Co., Ltd. (01855) announced that the Group is expected to achieve a loss of about RMB 5 million to RMB 20 million after tax in the six months ending June 30, 2026, compared with the profit after tax obtained by the company in the same period of 2025 of about RMB 36.3 million. These changes in the situation are mainly due to a decline in revenue. The main reason is that the Group's key projects have entered the final completion stage one after another, leading to a decrease in revenue confirmation during the reporting period. Furthermore, new orders are still in the early stages of implementation and have not contributed to revenue. Due to the combined impact of these two factors, the Group's revenue declined during the reporting period, and costs were not reduced accordingly, resulting in a decline in both gross profit and gross margin.