Times China Holdings (01233) has issued a profit alert, expecting to record net profit attributable to owners of the company of approximately RMB 3.5 billion to RMB 3.8 billion for the six months ended June 30, 2026. This marks a sharp turnaround from the net loss attributable to owners of approximately RMB 3.44 billion reported in the corresponding period of 2025.

The shift from a net loss to net profit is primarily driven by a combination of factors. A key contributor is the recognition of gains following the approval of restructuring plans for several of the group's domestic corporate bonds and asset-backed securities by their respective bondholder meetings as of June 30, 2026.

However, this positive impact was partially offset by several headwinds, including impairment provisions made against property assets, financial assets, and interests in joint ventures. Additionally, revenue recognized during the period decreased due to the persistently weak macroeconomic conditions in the real estate market.

Excluding the impact of the restructuring gains, the company anticipates that its net loss attributable to owners will widen compared to the same period in 2025.