Core Viewpoint - The company, 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 in the same period of 2024, primarily due to the prolonged downturn in the Chinese real estate market [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 despite ongoing challenges in the market [1] - The company recorded a net loss of about HKD 1.57 billion in 2024, highlighting the severity of the financial impact from the market conditions [1] Market Conditions - The expected net loss is attributed to the long-term slump in the Chinese real estate market, which has led to a substantial decline in revenue [1] - The decline in fair value of investment properties is also a contributing factor to the anticipated losses [1] Impairment Losses - The company is facing impairment losses related to prepayments for a land redevelopment project and other deposits, which further exacerbates the financial challenges [1]
【盈警】宝新置地(00299.HK)料中期净亏损收窄至不超2.45亿港元