Jiachen Holdings (01937) is expecting mid-term shareholders' net profit of about 2 million yuan to 3 million yuan to turn a year-on-year loss into a profit

According to the Zhitong Finance App, Jiachen Holdings (01937) announced that the Group's operating results are expected to turn a loss into a profit, from a net loss of about RMB 1.1 million for the six months ending June 30, 2025 to a net profit of about RMB 2 million to RMB 3 million for the six months ending June 30, 2026 (this period).

The board of directors believes that the shift in operating results to profit for the period was mainly due to a significant reduction in the impairment of contract assets, trade receivables and bills receivable during the period, and this was due to improvements in the recovery of trade receivables.