金科股份(000656) - 2025 Q2 - 季度业绩预告

Current Period Performance Forecast The company anticipates a net loss for the first half of 2025, with net profit attributable to shareholders projected to be a loss of RMB 3 billion to 4.5 billion, compared to a loss of RMB 3.8 billion in the prior year, and basic EPS estimated at -0.57 to -0.85 yuan 2025 Semi-Annual Performance Forecast | Item | Current Period (2025H1) | Prior Year Period (2024H1) | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Loss: 3.0 - 4.5 billion RMB | Loss: 3.801 billion RMB | | Net Profit After Non-Recurring Items | Loss: 2.6 - 4.2 billion RMB | Loss: 2.916 billion RMB | | Basic Earnings Per Share | Loss: 0.57 - 0.85 RMB/share | Loss: 0.72 RMB/share | Pre-Audit Status of Performance Forecast The financial data in this performance forecast represents preliminary estimates by the company's finance department and has not been audited by a certified public accountant - The financial data in this performance forecast has not been audited by a certified public accountant[4] Explanation of Performance Change The company's net loss is primarily attributed to reduced real estate deliveries impacting revenue and gross margin, increased interest expense due to existing projects, work stoppages, and debt defaults, additional penalties and liquidated damages from overdue debts, and losses from subsidiary bankruptcies or asset auctions, while the company actively pursues judicial restructuring and cost-cutting measures - Key operational factors contributing to the loss include reduced real estate project deliveries, leading to a decline in both recognized revenue and gross profit margin[5] - Deterioration in financial condition is evident from increased interest capitalization due to project suspensions and debt defaults, along with the need to accrue significant overdue interest, penalties, and liquidated damages[5][6] - Some subsidiaries, unable to repay debts, have had their assets auctioned or entered bankruptcy proceedings, resulting in additional losses[6] - Mitigation measures include the company being in the execution phase of judicial restructuring, with management committed to "ensuring housing delivery and stability," and implementing cost-cutting measures such as reducing administrative and selling expenses and lowering management compensation[6] Other Relevant Information The company emphasizes that this performance forecast is a preliminary estimate, with final figures subject to the upcoming 2025 semi-annual report, and advises investors to be aware of associated investment risks - This performance forecast is a preliminary estimate by the finance department, with final accurate data to be disclosed in the 2025 semi-annual report[7] - The company reminds investors to be aware of investment risks[7]