ZHONG AO HOME Issues Positive Profit Alert, Anticipates 2025 Fiscal Year Net Profit Attributable to Shareholders of Approximately RMB 97-100 Million

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Yesterday

ZHONG AO HOME (01538) has announced that the group expects to achieve a net profit attributable to owners of the parent company of approximately RMB 97 million to RMB 100 million for the 2025 fiscal year. This represents an increase of over 9% compared to the net profit attributable to owners of the parent company of approximately RMB 89 million for the year ended December 31, 2024. The increase in profit is primarily attributed to growth in gross profit, driven by higher revenue and an improved gross profit margin. The group's ongoing efforts to strengthen cost management have effectively controlled administrative expenses as well as sales and distribution expenses. Furthermore, there was a decrease in the net impairment loss on financial assets recognized. These positive factors were partially offset by a reduction in interest income, rental income, and government grants.

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