CFLD(SH:600340) Zheng Quan Zhi Xing·2025-07-11 16:13Core Viewpoint - The company is currently advancing its debt restructuring plan and related agreements with creditors, which will impact its financial performance for the first half of 2025, with projected significant net losses [1][2]. Financial Performance Forecast - The company expects a net profit attributable to shareholders for the first half of 2025 to be between -75 billion and -55 billion [1]. - The net profit attributable to shareholders after excluding non-recurring gains and losses is projected to be between -83 billion and -63 billion [1]. Previous Year Comparison - In the same period last year, the company reported a total profit of -63.86 billion, with a net profit attributable to shareholders of -48.49 billion [2]. - The basic and diluted earnings per share for the previous year were both -1.25, while the earnings per share after excluding non-recurring gains and losses were -1.62 [2]. Reasons for Performance Decline - The decline in net profit is primarily due to a lower turnover of real estate projects, resulting in decreased revenue recognition [2]. - Despite ongoing debt restructuring efforts leading to lower overall funding costs, the company still faces high financial expenses due to a large amount of existing debt and low capitalization rates for interest [2]. - The company is committed to completing its "guarantee delivery" obligations and focusing on its strategic transformation into an industrial new city service provider [2].