According to the Zhitong Finance App, Jinteng Group (02011.HK) announced that it is expected to record a profit of approximately HK$17 million for the six months ending June 30, 2026, while the six months ending June 30, 2025 will record a profit of approximately HK$31 million. The decrease in profit expectations is mainly due to (i) the completion of the sale of Kaiyi (Hubei) Zipper Manufacturing Co., Ltd. during the period, which led to a reduction in the profit margin of the Group's zipper business; and (ii) after Jiajinlong Auto City renewed the sub-lease agreement in September 2025, the Group provided several discounts to Jiajinlong Auto City tenants, which led to a decrease in revenue from property investment and provision of property management services.

Zhitongcaijing · 3d ago
According to the Zhitong Finance App, Jinteng Group (02011.HK) announced that it is expected to record a profit of approximately HK$17 million for the six months ending June 30, 2026, while the six months ending June 30, 2025 will record a profit of approximately HK$31 million. The decrease in profit expectations is mainly due to (i) the completion of the sale of Kaiyi (Hubei) Zipper Manufacturing Co., Ltd. during the period, which led to a reduction in the profit margin of the Group's zipper business; and (ii) after Jiajinlong Auto City renewed the sub-lease agreement in September 2025, the Group provided several discounts to Jiajinlong Auto City tenants, which led to a decrease in revenue from property investment and provision of property management services.