Xin Lang Cai Jing·2026-01-14 09:31Core Viewpoint - The company expects a significant net loss for the year 2025, with projected losses ranging from 2.68 billion to 3.31 billion yuan for net profit attributable to shareholders [1] - The company anticipates a similar range of losses for net profit after excluding non-recurring gains and losses, estimated between 2.73 billion and 3.37 billion yuan [1] Financial Position - The company projects an ending cash balance of approximately 7.1 billion yuan, indicating a strong liquidity position and accessible financing channels [1] - The company’s operational safety is highlighted by its sufficient capital reserves [1] Business Performance - The company’s exhibition (including hotel) and commercial property businesses have maintained stable operations during the reporting period [1] - The primary reason for the anticipated losses is attributed to market adjustments, leading to unsatisfactory sales prices for the company's real estate projects [1] Inventory Valuation - The company has conducted a preliminary impairment test on its inventory according to accounting standards, expecting to recognize inventory write-downs for certain real estate projects [1]