Core Viewpoint - Baoxin Land (00299.HK) is expected to report a net loss of no more than HKD 245 million for the six months ending June 30, 2025, compared to a net loss of approximately HKD 1.57 billion for the same period ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The anticipated net loss for the upcoming period is significantly lower than the previous year's loss, indicating a potential improvement in financial performance [1] - The company recorded a net loss of approximately HKD 1.57 billion for the six months ending June 30, 2024 [1] Market Conditions - The expected net loss is primarily attributed to the prolonged downturn in the Chinese real estate market, which has led to a substantial decline in revenue [1] - The fair value of investment properties has decreased, contributing to the financial challenges faced by the company [1] Specific Loss Factors - The anticipated loss includes impairment losses related to prepayments and deposits for a land redevelopment project during the period [1]
宝新置地(00299.HK)盈警：预计中期净亏损不多于2.45亿港元