Zhejiang China Light & Textile Industrial City Group Co LtdEarnings forecast shows net profit up 119-133% but core profit (deducted non-recurring) down 73-87%, driven by non-recurring asset disposal gains and weak main business.

Qingfangcheng disclosed an earnings forecast, expecting attributable net profit for the first half of 2026 to be between 366 million and 389 million yuan, a year-on-year increase of 119.65% to 133.14%. Deducted non-recurring net profit is expected to be between 22.5 million and 45 million yuan, a year-on-year decline of 73.04% to 86.52%. The change in performance is mainly due to non-recurring gains and losses. The company received compensation for the expropriation of houses from Huaneng Mall and recorded it as asset disposal gains, while there was no such gain in the same period last year. On the main business side, a decrease in rental income from commercial properties, an increase in asset depreciation and amortization, and higher financing costs all had an impact on performance.
Zhejiang China Light & Textile Industrial City Group Co LtdEarnings forecast shows net profit up 119-133% but core profit (deducted non-recurring) down 73-87%, driven by non-recurring asset disposal gains and weak main business.