Zhongtian Hunan Group (02433) issued a profit warning. The net loss for the medium term is expected to increase by about 85 million yuan to 90 million yuan over the same period last year

According to Zhitong Finance App, Zhongtian Hunan Group (02433) announced that the Group expects to have a net loss of approximately RMB 85 million to RMB 90 million in the six months ending June 30, 2026, while a net loss of approximately RMB 19.5 million during the six-month period ending June 30, 2025 (prior period) will be approximately RMB 19.5 million.

According to the announcement, the increase in net loss during this period was mainly due to a decline in revenue during this period due to the economic slowdown and the further depreciation of the Group's financial and contract assets due to extended customer settlement periods compared to the previous period.