Redsun Services expects H1 net profit up to RMB 5 million, down from RMB 28 million

• Redsun Services flagged a sharp profit drop for the six months ended June 30, 2026.
• Net profit expected at no more than RMB 5 million, versus about RMB 28 million a year earlier.
• Profit attributable to equity holders seen at no more than RMB 8 million, versus about RMB 24 million a year earlier.
• Real estate downturn drove higher impairment on related-party receivables; bad-debt ratio rose to 56.1% from 52.6% at Dec. 31, 2025.
• Project exits lifted overall receivables bad-debt ratio to 21.6% from 17.6%, increasing impairment provisions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redsun Services Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260819-12290245), on August 19, 2026, and is solely responsible for the information contained therein.