Qixia Construction disclosed its earnings forecast, expecting a net loss attributable to shareholders of 500 million to 700 million yuan in the first half of 2026, compared with a profit of 66.1839 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 504 million to 705 million yuan, versus a profit of 61.5689 million yuan a year earlier. The company explained that the change in performance is mainly due to the concentrated completion and delivery of multiple projects in the prior-year period, which boosted sales revenue, while fewer projects were completed and delivered in the current reporting period. At the same time, affected by the overall real estate market conditions, the company continued to make inventory impairment provisions for some projects.
Nanjing Chixia Development Co LtdExpects net loss of 500-700 million yuan in H1 2026 vs profit of 66 million yuan last year, due to fewer completed projects and inventory impairment provisions.