Core Viewpoint - Zhengrong Real Estate (06158.HK) reported a significant decline in its mid-term performance for the first half of 2025, with a notable drop in contract sales and revenue, leading to increased losses compared to the previous year [1] Financial Performance - The company recorded contract sales amounting to RMB 2.365 billion, a year-on-year decrease of 31.0% [1] - Group revenue was RMB 4.645 billion, reflecting a year-on-year decline of 81.16% [1] - The loss attributable to the company’s owners was RMB 6.463 billion, compared to a loss of RMB 2.343 billion in the same period last year, resulting in a basic loss per share of RMB 1.48 [1] - The board did not recommend any interim dividend for the period [1] Land Reserves - As of June 30, 2025, the company, along with its joint ventures and associates, held a total land reserve of 9.71 million square meters [1] Liquidity Management - To address liquidity issues, the company is implementing liquidity management and cost-saving measures, including seeking extensions for domestic and international financing [1] - The company aims to improve the quality of new home sales, activate existing assets, and accelerate cash recovery [1] - Further organizational streamlining and reduction of administrative expenses are also part of the strategy [1] - The company is actively collaborating with legal and financial advisors on an overall debt management plan for overseas debt restructuring to achieve a sustainable capital structure and stabilize operations while considering the interests of all stakeholders [1]
正荣地产(06158.HK)上半年营收跌81.16%至46.45亿元 净亏损64.63亿元