宝新置地发盈警 预期中期取得净亏损同比收窄至不多于2.45亿港元

Group 1 - The company, Baoxin Land (00299), expects 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] - The anticipated net loss is primarily attributed to the prolonged downturn in the Chinese real estate market, resulting in a significant decline in revenue [1] - Additional factors contributing to the expected net loss include a decrease in the fair value of investment properties and impairment losses related to advance payments and deposits for a land redevelopment project during the period [1]