Zhongrong Real Estate: Preliminary assessment of net loss of 1.7-1.8 billion yuan for 2025

NightAirdropper · 2026-03-21T01:30:36+00:00

Gelonghui March 20 | Zhongrong Property (06158.HK) issued a profit warning announcement, preliminarily estimating a net loss of approximately 1.7 to 1.8 billion yuan for 2025. The main reasons for the net loss are the overall decline in demand in the domestic real estate industry, leading to decreases in project selling prices and gross margins, as well as impairment provisions related to properties under development, completed properties held for sale, other assets, and financial assets; increased uncapitalized financing interest and a decline in the fair value of investment properties. The loss is expected to increase mainly due to a reduction in gross profit and an increase in impairment provisions in 2025 compared to 2024.

NightAirdropper

2026-03-21 01:30:36

CITIC Securities March 20 | Zhengrong Real Estate (06158.HK) issued an earnings warning announcement, initially estimating a net loss of 1.7 to 1.8 billion RMB in 2025. The main reasons for the net loss are the overall decline in demand in the domestic real estate industry, leading to lower project selling prices and gross profit, as well as impairments related to properties under development, properties held for sale, completed properties, other assets, and financial assets; increased uncapitalized financing interest and a decrease in the fair value of investment properties. The expected loss will increase mainly due to a decrease in gross profit and an increase in impairment provisions compared to 2024.

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