Core Viewpoint - R&F Properties (02777) has issued a profit warning, expecting a net loss of approximately RMB 40.8 billion for the six months ending June 30, 2025, compared to a net loss of RMB 23.3 billion for the same period ending June 30, 2024, primarily due to the ongoing downturn in the Chinese real estate industry, which has led to a decline in revenue and gross profit from property development [1]. Company Summary - R&F Properties anticipates a significant increase in net loss, projecting RMB 40.8 billion for the upcoming six-month period [1]. - The previous period's net loss was reported at RMB 23.3 billion, indicating a worsening financial outlook [1]. - The primary reason for the expected losses is the continued sluggishness in the Chinese real estate market, affecting revenue and gross profit from property development [1]. Industry Summary - The Chinese real estate industry is experiencing a prolonged downturn, which is impacting companies like R&F Properties [1]. - The decline in property development revenue and gross profit is a significant concern for the industry as a whole [1].
富力地产(02777)发盈警 预计中期净亏损约40.8亿元