China New City Deepens Profit Warning With Projected FY2025 Loss

China New City Commercial Development Ltd ( (HK:1321) ) has issued an update.

China New City Group Limited has issued a supplemental profit warning, indicating it now expects to post a net loss attributable to owners of the parent of up to about RMB277 million for FY2025, versus a net profit of roughly RMB504 million a year earlier. The company said the core reasons behind this reversal were previously disclosed, and emphasized that all other details from its earlier March 20 profit warning remain unchanged, while urging shareholders and potential investors to exercise caution when dealing in its shares.

The updated guidance underscores a sharp deterioration in the group’s financial performance, signaling potential pressures in its operating environment and adding uncertainty for investors in a sector already facing headwinds in China. The announcement, based on unaudited management accounts and current information, may prompt closer scrutiny of the company’s earnings quality and balance sheet as stakeholders reassess risk ahead of the formal FY2025 results release.

The most recent analyst rating on (HK:1321) stock is a Hold with a HK$0.67 price target. To see the full list of analyst forecasts on China New City Commercial Development Ltd stock, see the HK:1321 Stock Forecast page.

More about China New City Commercial Development Ltd

China New City Group Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating through subsidiaries in mainland China. The group is involved in property-related and urban development businesses, positioning itself within China’s broader real estate and commercial development sector.

YTD Price Performance: -11.67%

Average Trading Volume: 222,888

Technical Sentiment Signal: Sell

Current Market Cap: HK$977.3M

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