龙湖中期业绩前瞻：经营性现金流为正

Core Viewpoint - Longfor Group anticipates a significant decline of approximately 70% in core profit attributable to shareholders for the first half of 2025, primarily due to the downturn in the real estate sector affecting the gross profit margin of its development business [1] Company Summary - Longfor Group's announcement highlights that despite the pressure on the gross profit margin from development business, it remains one of the few companies in the industry that continues to maintain positive profitability [1] - The company reported that its operational business continues to grow, with positive operating cash flow including capital expenditures, and is actively reducing its debt scale while optimizing its debt structure [1] Industry Summary - The real estate industry is undergoing a deep adjustment, with many listed property companies releasing their mid-year performance forecasts for 2025, indicating that losses remain the mainstream trend for the first half of the year [1] - According to Wind data, as of August 15, 74 property companies have issued performance forecasts for the first half of 2025, with 46 companies expected to report losses, accounting for over 60% [1]