Core Viewpoint - Jiachen Holdings (01937.HK) is expected to report a net loss of at least RMB 1 million for the six months ending June 30, 2025, compared to a net profit of approximately RMB 9 million for the same period ending June 30, 2024 [1] Company Summary - The board attributes the shift from profit to loss primarily to a continued slowdown in economic activities within the commercial building construction industry, leading to a sales revenue decrease of no less than 20% [1] - For the six months ending June 30, 2024, the sales revenue was approximately RMB 108.7 million [1] - The gross profit margin for the current period is expected to decrease by no less than three percentage points compared to the same period last year [1] - There is an anticipated increase in impairment of contract assets, trade receivables, and notes receivable by no less than RMB 2 million, compared to approximately RMB 789,000 for the six months ending June 30, 2024 [1]