Core Viewpoint - The company, Longfor Properties (港龙中国地产), anticipates a significant increase in losses for the six months ending June 30, 2025, compared to the same period in 2024, primarily due to reduced contract sales and adverse market conditions [1] Financial Performance - The company expects a loss attributable to shareholders 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 in 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] Contributing Factors - The increase in losses is mainly attributed to (1) a decrease in revenue from customer contracts due to reduced contract sales of properties already sold, and (2) an increase in impairment losses on properties under development due to unfavorable market conditions, leading to an overall decline in the group's gross profit margin [1]
港龙中国地产发盈警 预计中期股东应占亏损同比扩大至不多于3.3亿元