Core Viewpoint - Baoxin Land (00299) reported a significant decline in revenue and a narrowed loss for the first half of 2025, primarily due to the prolonged downturn in the Chinese real estate market [1] Financial Performance - Revenue for the period was HKD 57.377 million, representing a year-on-year decrease of 87.39% [1] - The loss attributable to shareholders was approximately HKD 166.7 million, which is a year-on-year reduction of 86.22% [1] - Loss per share was HKD 0.15328 [1] Reasons for Performance - The substantial decrease in revenue was mainly attributed to the long-term slump in the Chinese real estate market [1] - The net loss was significantly impacted by inventory write-downs, leading to a gross loss of approximately HKD 7.169 million, which is a decrease of about HKD 107.6 million compared to the same period last year [1] - The group also faced a fair value loss of approximately HKD 56.413 million on investment properties during the period [1] - Additionally, there was a recognized impairment loss of approximately HKD 65.392 million related to prepayments for a land redevelopment project [1]
宝新置地公布中期业绩 公司拥有人应占亏损约1.67亿港元 同比收窄86.22%