Zhenro Properties Group Limited expects to post a loss attributable to owners of RMB 8.20 billion–RMB 8.40 billion for the six months ended 30 June 2026, according to a profit warning filed with the Hong Kong Stock Exchange. The midpoint of the guided range, RMB 8.30 billion, represents a roughly 28.40% widening from the RMB 6.46 billion loss reported in the same period of 2025.

Management attributes the deeper deficit to four principal factors:

1. Contracted-unit handovers fell sharply to about 600 from approximately 2,000 a year earlier, cutting gross profit by an estimated RMB 93.50 million.

2. A lower interest-capitalisation rate lifted finance costs by around 24%, or RMB 469 million, year on year.

3. Impairment losses on properties under development and completed properties held for sale rose to roughly RMB 2.69 billion, versus RMB 1.97 billion in the previous interim period.

4. Net impairment losses on financial assets increased to approximately RMB 2.27 billion, compared with RMB 1.35 billion a year earlier.

The figures are based on unaudited management accounts and may change upon completion of the interim review. Zhenro Properties plans to release its full interim results by end-August 2026. Investors are urged to exercise caution when dealing in the company’s securities and to await the forthcoming detailed disclosure.