Group 1: Company Performance - In the first half of 2025, despite ongoing policy efforts to stabilize the real estate market, the industry remains in a deep adjustment phase, with overall investment and sales declining year-on-year [1] - Longfor Group reported a contract sales amount of RMB 3.98 billion and revenue of RMB 3.4 billion, with a net loss of RMB 1.96 billion, primarily due to the continued downturn in the real estate sector, low gross margins, and inventory impairment provisions [1] - Over 60% of the 72 real estate companies that issued mid-term performance forecasts are expected to report losses, indicating significant operational pressure across the industry [1] Group 2: Debt Restructuring - Longfor Group is actively advancing its domestic and international debt restructuring efforts, achieving significant progress with 21 domestic corporate bonds and asset-backed securities restructuring plans successfully approved by investors [2] - The company is arranging for bondholders to select and allocate options within the restructuring plan, ensuring the smooth completion of the domestic restructuring [2] - The acceleration of domestic debt restructuring is expected to provide a solid foundation for the ongoing international debt restructuring process, with strong support from numerous investors [2]
龙光公布2025年中期业绩：推进境内外债务重组，稳定企业生产经营