Group 1 - The company, Zhanggang Group-W (06676.HK), expects to report a net loss attributable to shareholders of approximately 480 million to 520 million RMB for the six months ending June 30, 2025, a significant change from the previously announced net profit of approximately 140 million to 180 million RMB [1] - The updated assessment is primarily due to a further review of the fair value changes of convertible preferred shares [1] - For the same period, the estimated non-cash gain from the fair value changes of financial liabilities measured at fair value is approximately 110 million RMB, down from the previously reported 769 million RMB [1] Group 2 - The fair value gain mentioned is a non-cash accounting treatment and does not impact the company's cash flow [2] - The adjusted net loss attributable to shareholders (non-IFRS measurement) remains unchanged, estimated to be between 87 million to 127 million RMB for the six months ending June 30, 2025, compared to approximately 64 million RMB for the same period in 2024 [2]

Core Viewpoint - The company, Zhanggang Group-W (06676), has revised its financial outlook, expecting a significant loss for the upcoming six months ending June 30, 2025, instead of a previously anticipated profit [1] Financial Performance - The company anticipates a loss attributable to shareholders of approximately RMB 480 million to RMB 520 million for the six months ending June 30, 2025, contrasting with a previously stated profit of RMB 140 million to RMB 180 million [1] - For the six months ending June 30, 2024, the company reported a loss attributable to shareholders of approximately RMB 76 million [1] Valuation Adjustments - The revision is primarily due to a further review of the fair value changes of convertible preferred shares [1] - The estimated non-cash income from the fair value changes of preferred shares and financial liabilities measured at fair value through profit or loss is approximately RMB 110 million, significantly lower than the previously reported RMB 769 million [1]

Core Viewpoint - The company, 找钢集团-W (06676.HK), has revised its profit forecast, now expecting a net loss attributable to shareholders of approximately RMB 480 million to RMB 520 million for the six months ending June 30, 2025, instead of the previously stated net profit of RMB 140 million to RMB 180 million [1] Financial Performance - For the six months ending June 30, 2024, the company reported a net loss attributable to shareholders of approximately RMB 76 million [1] - The revision is primarily due to a further review of the fair value changes of convertible preferred shares [1] Fair Value Assessment - According to the latest assessment, the estimated non-cash gain from the fair value changes of preferred shares and financial liabilities measured at fair value through profit or loss for the six months ending June 30, 2025, is approximately RMB 110 million, significantly lower than the previously reported RMB 769 million [1]

Core Viewpoint - The company, Zhang Steel Group-W (06676), has revised its profit forecast, now expecting a net loss attributable to shareholders of approximately RMB 480 million to RMB 520 million for the six months ending June 30, 2025, instead of the previously stated net profit of RMB 140 million to RMB 180 million [1] Financial Performance - For the six months ending June 30, 2024, the company reported a net loss attributable to shareholders of approximately RMB 76 million [1] - The revision is primarily due to a further review of the fair value changes of convertible preferred shares [1] Fair Value Assessment - The estimated non-cash gain from the fair value changes of preferred shares and financial liabilities measured at fair value through profit or loss for the six months ending June 30, 2025, is approximately RMB 110 million, significantly lower than the previously reported RMB 769 million [1]

Core Viewpoint - The company, 找钢集团-W (06676.HK), has issued a profit warning indicating a significant expected loss for the six months ending June 30, 2025, contrary to previous expectations of profit [1][2] Group 1: Financial Performance - The company anticipates a net loss attributable to shareholders of approximately RMB 4.8 billion to RMB 5.2 billion for the six months ending June 30, 2025, compared to a previously stated profit of RMB 1.4 billion to RMB 1.8 billion [1] - For the six months ending June 30, 2024, the company recorded a net loss attributable to shareholders of approximately RMB 76 million [1] - The update is primarily due to a further review of the fair value changes of convertible preferred shares [1] Group 2: Non-Cash Accounting Impact - The estimated non-cash gain from the fair value changes of preferred shares and financial liabilities measured at fair value is approximately RMB 110 million, significantly lower than the previously reported RMB 769 million [1] - The fair value gain is accounted for as a non-cash item and does not affect the company's cash flow [2] - The adjusted net loss (non-IFRS measurement) for the six months ending June 30, 2025, remains unchanged, estimated between RMB 87 million and RMB 127 million, compared to approximately RMB 64 million for the same period in 2024 [2]