Yunnan Metropolitan Real Estate Development Co LtdCompany expects net profit turnaround due to one-time disposal gain, but core operations show widening loss from price cuts and impairments.

ST Yuncheng disclosed an earnings forecast, expecting net profit attributable to owners of the parent of 50 million to 70 million yuan in the first half of 2026, compared with a loss of 37.7205 million yuan in the same period last year, achieving a turnaround from loss to profit year on year. The company's net profit after deducting non-recurring gains and losses is expected to be a loss of 82 million to 102 million yuan, widening from a loss of 36.9166 million yuan in the same period last year. The change in performance is mainly due to the company completing the disposal of equity in China Construction Suifeng Real Estate Company Limited, with the related investment income included in non-recurring gains and losses. At the same time, to accelerate inventory destocking, the company adopted price reduction sales strategies for some real estate inventory and made provisions for impairment, leading to a decline in net profit after deducting non-recurring gains and losses. The company's main businesses are property services, commercial operations, and hotel operation management. During the reporting period, the asset-light transformation business maintained stable operations, and the company continued to promote the clearance and disposal of existing low-efficiency assets. For maturing debts, the company has joined with its controlling shareholder, Yunnan Health Tourism Holding Group Company Limited, to conduct multiple rounds of negotiations with relevant creditors on debt extension matters.
Yunnan Metropolitan Real Estate Development Co LtdCompany expects net profit turnaround due to one-time disposal gain, but core operations show widening loss from price cuts and impairments.
Company's equity was disposed of by ST Yuncheng, indicating a divestiture.