Core Viewpoint - The company, Longfor Properties (06968), anticipates significant losses for the six months ending June 30, 2025, primarily due to reduced contract sales and adverse market conditions [1] Financial Performance - The company expects a loss attributable to owners of no more than RMB 330 million for the six months ending June 30, 2025, compared to a loss of approximately RMB 76 million for the same period ending June 30, 2024 [1] - The total loss and comprehensive loss for the period is projected to be no more than RMB 670 million, while the total loss and comprehensive loss for the six months ending June 30, 2024, was approximately RMB 154 million [1] Market Conditions - The anticipated financial decline is attributed to (1) a decrease in revenue from customer contracts due to reduced contract sales of properties sold and (2) increased impairment of properties under development, leading to a decline in overall gross margin [1]
港龙中国地产(06968)发盈警 预计中期股东应占亏损同比扩大至不多于3.3亿元