ZG Group (HKG:6676) expects an attributable profit of between 140 million yuan and 180 million yuan in the first half of 2025, compared with a net loss of 76 million yuan a year prior, a late Tuesday Hong Kong bourse filing said.
Shares of the digital platform operator connecting third-party steel transactions were down 1% in Wednesday afternoon trading.
The company attributed the forecast to fair value changes arising from the assessment of preferred shares and financial liabilities at fair value through profit or loss, leading to a gain.
The firm also saw significant growth in gross profit from its overseas transaction business.
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