ZG Group (HKG:6676) now expects to record an attributable loss of about 480 million yuan to 520 million yuan for the first half of 2025, compared with a loss of 76 million yuan a year earlier, according to a Monday Hong Kong bourse filing.
It had earlier guided for a profit of 140 million yuan to 180 million yuan for the period.
The revision was due to a reassessment of fair value changes in convertible preferred shares, with non-cash gains now estimated at about 110 million yuan instead of 769 million yuan.
Interim results are due by the end of August.
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