Core Viewpoint - Skyworth Group (00751.HK) anticipates a decline of approximately 50% in after-tax profit for the six months ending June 30, 2025, compared to the same period in 2024, primarily due to the ongoing downturn in the Chinese real estate market and weak sales [1] Group Summary - The decline in profit is significantly influenced by the poor performance of the construction development segment within the modern services sector, which has led to impairment provisions for certain regional properties [1] - The company has increased its real estate inventory impairment provisions in accordance with accounting standards, reflecting changes in the current market environment [1] - The mid-term performance is also expected to be affected by the smart systems technology segment, where competitive market conditions have resulted in a substantial decrease in sales prices for smart terminal products, leading to declines in revenue and gross margin year-on-year [1]

Group 1 - The company, Skyworth Group (00751), anticipates a decline of approximately 50% in after-tax profit for the six months ending June 30, 2025, compared to the same period in 2024 [1] - The expected decline is primarily attributed to the ongoing downturn in the Chinese real estate market and sluggish sales, which have led to impairment provisions in certain regional properties within the modern services sector [1] - The company has increased its impairment provisions for real estate inventory in accordance with accounting standards, reflecting changes in the current market environment [1] Group 2 - The company's mid-term performance is also expected to be impacted by the performance of its smart systems technology segment, due to a competitive market environment [1] - The significant drop in sales prices of smart terminal products has resulted in a year-on-year decline in revenue and gross margin [1]