Tibet Urban Development disclosed a performance forecast, expecting a net loss attributable to the parent of 65 million yuan in the first half of 2026, compared to a loss of 64.1211 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 69 million yuan, compared to a loss of 66.0149 million yuan in the same period last year. The company stated that the expected loss is mainly due to the overall deep adjustment of the real estate market and cyclical fluctuations in the industry. The area delivered and recognized as revenue in the current period decreased significantly compared to the same period last year, leading to a sharp decline in revenue, which was insufficient to cover rigid costs such as management expenses, financial interest expenses, and depreciation and amortization of existing projects. The company will subsequently focus on destocking existing properties and accelerate the implementation of the strategy of innovation-driven development and transformation, actively promoting transformation and upgrading.
Tibet Urban Development and Investment Co LtdNet loss widened due to decreased property deliveries and revenue from deep real estate market adjustment.