Core Insights - The company reported a significant decline in revenue from property development, dropping 60% from RMB 104.84 billion to RMB 41.65 billion due to the ongoing downturn in the Chinese real estate market [1] - The gross profit margin for property development improved to 19.4% compared to 10.9% in the first half of 2024, excluding inventory impairment provisions [1] - The company recorded a net loss of RMB 40.82 billion, worsening from a net loss of RMB 23.31 billion in the same period last year, primarily due to decreased income from property development [1] Financial Performance - Revenue from property development decreased by 60% year-on-year, indicating a challenging market environment [1] - The gross profit margin for the period was 19.4%, showing improvement despite the revenue drop [1] - The net loss increased significantly, highlighting the financial strain on the company amid the industry's downturn [1]
富力地产(02777.HK)中期净亏损达40.82亿元