China Cinda issued an announcement, expecting net profit attributable to shareholders in the first half of 2026 to decline by about 60% to 70% year-on-year, while net profit for the same period is expected to fall by about 20% to 25% year-on-year. The company explained that the decline in performance was mainly due to income tax expense shifting from a reversal in the first half of 2025 to a provision in the first half of 2026, affected by changes in deferred income tax expenses and an increase in current taxable income. In addition, subsidiary Cinda Real Estate is expected to narrow its losses year-on-year, leading to a year-on-year decrease in losses attributable to non-controlling interests, which further dragged down net profit attributable to shareholders of the company.
China Cinda Asset Mgmt Co LtdExpects net profit attributable to shareholders to fall 60-70% YoY due to tax expense changes.
Cinda Real Estate Co LtdSubsidiary Cinda Real Estate expected to narrow losses YoY, reducing drag on parent's net profit.