YUZHOU GROUP (01628.HK): Expects H1 Loss of RMB 5.3-6.3 Billion, Narrowing from a Year Earlier

NewTimeSpace News: On 20 August 2026, Yuzhou Group Holdings Company Limited (stock code: 01628) issued a profit warning, expecting a loss of approximately RMB 5.3 billion to RMB 6.3 billion for the first half of 2026, versus a loss of approximately RMB 7.4 billion in the prior-year period; the loss attributable to owners is expected to be approximately RMB 3.9 billion to RMB 4.9 billion, versus approximately RMB 5.6 billion a year earlier.

The announcement attributed the narrowing mainly to lower write-downs on properties held for sale and properties under construction and lower financing costs than the prior-year period, as well as a one-off gain from the cancellation of senior notes for failure to complete the application on time. The expected loss was mainly due to impairment on properties, plant and equipment, investments in joint ventures and associates, and other receivables, fair value losses on investment properties, and significant non-capitalised financing costs amid the adverse macro environment and property market downturn. The interim results announcement is expected to be published on 31 August 2026.

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