“救场专业户”信达地产：营收跌回十年前，一年亏8亿

Core Viewpoint - The real estate industry adjustment has significantly impacted Xinda Real Estate, leading to substantial declines in revenue and profits, marking a shift from profitability to losses [1][3]. Financial Performance - In Q1 2025, Xinda Real Estate reported revenue of approximately 518 million yuan, a year-on-year decrease of 34%, and a net loss of about 240 million yuan, an increase of 15 million yuan from the previous year [1]. - For the full year 2024, the company achieved revenue of 8.028 billion yuan, down 29.7% from 11.42 billion yuan in the previous year, returning to levels seen a decade ago [1][3]. - The net loss for 2024 was approximately 809 million yuan, a significant decline of 234.41% compared to a profit of 602 million yuan the previous year [3]. Asset Impairment - Xinda Real Estate reported total asset impairment losses of approximately 1.42 billion yuan for 2024, which included bad debt provisions and inventory write-downs [4]. Cash Flow and Sales - As of Q1 2025, the net cash flow from operating activities was approximately -348 million yuan, a decline of 260.14% year-on-year [6]. - The total sales area for 2024 was 475,700 square meters, with sales amounting to 8.269 billion yuan, significantly lower than the previous year's sales of 19.505 billion yuan [6][7]. Future Outlook - For 2025, Xinda Real Estate plans to achieve sales of 10.5 billion yuan and recover 10 billion yuan in cash, with a focus on optimizing business sources and improving operational efficiency [8].