Black Peony disclosed its earnings forecast, expecting a net loss attributable to shareholders of 75.2 million to 94 million yuan in the first half of 2026, compared with a profit of 56.6738 million yuan in the same period last year. Net loss after deducting non-recurring items is expected to be 75.6 million to 94.5 million yuan, versus a profit of 53.7147 million yuan a year earlier. The company said the change in performance is mainly due to signs of impairment in some real estate development projects, leading to a provision for inventory write-downs based on the principle of prudence. At the same time, the scale of municipal engineering construction business declined during the period, resulting in a simultaneous reduction in operating revenue and profit.
Black Peony Group Co LtdExpects net loss of 75.2-94 million yuan in H1 2026 due to impairment provisions and declining revenue.