China Wuyi disclosed an earnings forecast, expecting a net loss attributable to the parent company of 400 million to 500 million yuan in the first half of 2026, compared with a loss of 92.9956 million yuan in the same period last year, with the loss widening year-on-year. The net loss after deducting non-recurring items is expected to be 403 million to 503 million yuan, compared with a loss of 97.5712 million yuan in the same period last year. The company said the widening loss was mainly due to a decline in sales prices of some real estate projects, leading to additional provisions for inventory impairment, as well as a decrease in projects under construction that meet the conditions for interest capitalization and exchange rate fluctuations, which increased financial expenses year-on-year.
China Wuyi Co LtdDecline in sales prices of real estate projects leads to additional impairment provisions and widening loss.