BAOYE GROUP (02355.HK): Expects H1 Loss of RMB 65-75 Million and Revenue Decline of 5%-17%

NewTimeSpace · 2026/08/14 18:16 · By Jiayi Sun

NewTimeSpace News: On 14 August 2026, BAOYE GROUP (02355.HK) issued a profit warning, expecting an H1 loss attributable to owners of RMB 65-75 million (versus a profit of approximately RMB 140.981 million a year earlier) and revenue of RMB 7.0-8.0 billion, down 5%-17%, weighed by a downturn in the construction business, lower gross margin and asset impairments.

NewTimeSpace News: On 14 August 2026, Baoye Group Company Limited (stock code: 02355) issued a profit warning, expecting a loss attributable to owners of approximately RMB 65.0 million to RMB 75.0 million for the first half of 2026, down approximately 146% to 153% from a profit of approximately RMB 140.981 million in the prior-year period; revenue is expected to be approximately RMB 7.0 billion to RMB 8.0 billion, down approximately 5% to 17% from approximately RMB 8.502567 billion a year earlier.

The announcement attributed the expected decline mainly to reduced construction business amid the industry downturn, a significant decrease in the gross margin recognised on delivered property development projects, and certain asset impairment losses. The interim results announcement is expected to be published on 28 August 2026.

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BAOYE GROUP 02355.HK Profit Warning