信达地产股份有限公司2025年半年度业绩预告

Core Viewpoint - The company, Xinda Real Estate, is forecasting a significant loss for the first half of 2025, with net profit expected to be between -39.0 billion and -35.0 billion CNY, indicating a downturn compared to the previous year [2][4]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to June 30, 2025 [3]. - The expected net profit attributable to the parent company's owners is projected to be between -39.0 billion and -35.0 billion CNY, marking a loss compared to a profit of 1.06 billion CNY in the same period last year [4][5]. - The forecasted net profit after deducting non-recurring gains and losses is estimated to be between -38.2 billion and -34.2 billion CNY [2][4]. Group 2: Previous Year’s Performance - In the same period last year, the total profit was 2.08 billion CNY, with a net profit attributable to the parent company of 1.06 billion CNY and a net profit of 0.97 billion CNY after deducting non-recurring gains and losses [5][6]. Group 3: Reasons for Expected Loss - The primary reasons for the expected loss include a decrease in the scale of real estate project deliveries, leading to a decline in revenue and gross margin [7]. - There are indications of impairment in some real estate development projects and financial investments, prompting the company to provision for impairment based on prudence [7]. Group 4: Asset Impairment Provision - The company has announced a total asset impairment provision of 27.41 billion CNY as of June 30, 2025, based on a comprehensive review of inventory and receivables [12][16]. - The impairment provisions include bad debt provisions for receivables, impairment provisions for debt investments, and provisions for inventory write-downs [13][14]. - The asset impairment provision is expected to reduce the company's total profit for the first half of 2025 by 27.41 billion CNY [16].