智通财经APP讯，凤凰股份(600716.SH)披露2025年第四季度房地产项目经营情况，2025年10-12月，公 司商品房合同销售面积6784.73平方米，较上年同期减少40.74%;商品房合同销售金额1.41亿元，较上年 同期减少47.07%。公司的租赁收入为171.82万元，较上年同期减少81.40% ...

Core Viewpoint - The real estate sector continues to face widespread losses, with most listed companies in the A-share market reporting varying degrees of deficit for 2025, except for the leading company, Poly Developments [2][3]. Group 1: Company Performance - Among the 27 listed real estate companies that have released performance forecasts, only Poly Developments reported a positive net profit of approximately 1.03 billion yuan, while the total losses of the other companies ranged from 47.546 billion to 62.464 billion yuan [3]. - Poly Developments experienced a revenue decline of 1.09% year-on-year, with a net profit drop of 79.49% due to decreased gross profit margins and anticipated asset impairment losses of about 6.9 billion yuan [3]. - Other companies, such as China Fortune Land Development, are projected to incur losses of 16 billion to 24 billion yuan for 2025, with net assets expected to decline by 10 billion to 15 billion yuan [4]. Group 2: Industry Challenges - The real estate sector has been struggling with significant losses since 2022, attributed to factors such as low-profit project settlements, increased impairment provisions, and rising interest expenses [6]. - The sales volume of commercial housing is expected to decline by 12.6% year-on-year in 2025, indicating ongoing market challenges [7]. - The real estate development prosperity index has been on a downward trend, reaching 91.45 by December 2025, reflecting a sluggish economic activity in the sector [7]. Group 3: Future Outlook - Analysts suggest that the adjustment cycle in the real estate market may be nearing its end by 2026, with potential growth in the high-quality residential market driven by policy support and demand structure upgrades [8]. - Companies facing significant losses must manage their market value and ensure compliance with financial reporting to avoid delisting risks, which could arise from continuous losses or failure to meet revenue thresholds [9].

证券代码：600716 证券简称：凤凰股份 公告编号：2026-003 江苏凤凰置业投资股份有限公司 2025年度业绩预亏公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 本次业绩预告适用的情形：净利润为负值。 ● 经江苏凤凰置业投资股份有限公司（以下简称公司）财务部门初步测算，预计2025年度将出现亏损， 实现归属于母公司所有者的净利润-45,000万元到-36,000万元，归属于母公司所有者的扣除非经常性损 益后的净利润-45,060万元到-36,048万元。 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 经公司财务部门初步测算，公司预计2025年度将出现亏损，实现归属于母公司所有者的净利润-45,000 万元到-36,000万元。 预计2025年归属于母公司所有者的扣除非经常性损益后的净利润-45,060万元到-36,048万元。 （三）本次预计的经营情况未经注册会计师审计。 二、上年同期经营业绩和财务状况 （一）利润总额：-15,358.33万元。归属于母 ...

Core Viewpoint - Phoenix Holdings announced an expected loss for the fiscal year 2025, projecting a net profit attributable to shareholders of the parent company between -450 million and -360 million yuan, and a net profit excluding non-recurring gains and losses between -450.6 million and -360.48 million yuan [1] Financial Projections - The company anticipates a net loss of -450 million to -360 million yuan for 2025 [1] - The projected net profit, after excluding non-recurring items, is expected to be between -450.6 million and -360.48 million yuan [1]

Group 1 - The company, Phoenix Holdings, expects to report a net loss attributable to shareholders of between -450 million and -360 million yuan for the fiscal year 2025 [1] - The primary reason for the performance change is the impact of the real estate market, leading the company to continue to provision for asset impairment on certain projects after previously recognizing impairments [1] - The decline in sales prices and slower sales pace of projects, along with a decrease in gross margin, has resulted in a significant reduction in operating gross profit compared to the previous year, leading to a negative net profit even after excluding impairment factors [1]

格隆汇1月19日丨凤凰股份(600716.SH)公布，经公司财务部门初步测算，公司预计2025年度将出现亏 损，实现归属于母公司所有者的净利润-45,000万元到-36,000万元。预计2025年归属于母公司所有者的 扣除非经常性损益后的净利润-45,060万元到-36,048万元。 ...

受房地产市场行情影响，在售项目销售价格下滑、去化速度变慢，毛利率下降，导致营业毛利较上年大 幅减少，从而剔除减值因素后的归属于母公司所有者的净利润仍为负数。 智通财经APP讯，凤凰股份(600716.SH)披露2025年度业绩预亏公告，公司预计2025年度将出现亏损， 实现归属于母公司所有者的净亏损3.6亿元至4.5亿元。预计2025年归属于母公司所有者的扣除非经常性 损益后的净亏损3.6亿元至4.5亿元。 ...

Core Viewpoint - Phoenix Holdings (600716.SH) has announced an expected net loss for the fiscal year 2025, projecting a loss between 360 million to 450 million yuan attributable to the parent company [1] Financial Performance - The company anticipates a net loss of 360 million to 450 million yuan after excluding non-recurring gains and losses for the year 2025 [1] - The operating gross profit is expected to significantly decrease compared to the previous year due to declining sales prices and slower sales pace in the real estate market [1] Market Impact - The real estate market conditions have adversely affected the company's projects, leading to a drop in gross margin and overall profitability [1] - The net profit attributable to the parent company remains negative even after excluding impairment factors [1]

Financial Performance Outlook - The company expects a net loss for the fiscal year 2025, with a projected net profit attributable to the parent company ranging from -450 million to -360 million CNY[3]. - The projected net profit attributable to the parent company, after deducting non-recurring gains and losses, is estimated to be between -450.6 million and -360.48 million CNY[5]. - In the same period last year, the total profit was -153.58 million CNY, with a net profit attributable to the parent company of -178.78 million CNY[8]. - The company reported a loss per share of -0.1910 CNY for the previous year[9]. Reasons for Expected Loss - The primary reasons for the expected loss include the impact of the real estate market, leading to continued asset impairment provisions and a significant decrease in gross profit margin[10]. - The company anticipates a decline in sales prices and slower sales pace for its projects, contributing to the negative net profit outlook[10]. Financial Data and Reporting - The financial data provided is preliminary and has not been audited, with the final figures to be disclosed in the official 2025 annual report[12]. - There are no significant uncertainties affecting the accuracy of this earnings forecast[11]. - The performance forecast period is from January 1, 2025, to December 31, 2025[4]. - The company urges investors to be aware of investment risks associated with the preliminary financial data[12].

南财智讯1月19日电，凤凰股份公告，经公司财务部门初步测算，预计2025年度实现归属于上市公司股 东的净利润-45,000万元到-36,000万元，同比亏损。业绩预亏的主要原因：2025年度受房地产市场行情 影响，公司根据各项目所处区域的市场环境、产品结构等情况，在前期已计提减值基础上继续对部分项 目计提资产减值准备；受房地产市场行情影响，在售项目销售价格下滑、去化速度变慢，毛利率下降， 导致营业毛利较上年大幅减少，从而剔除减值因素后的归属于上市公司所有者的净利润仍为负数。 ...