建发股份：预计2025年归母净利润为负

Core Viewpoint - The company expects a negative net profit attributable to the parent company for the fiscal year 2025, primarily due to losses in its real estate subsidiary and increased impairment provisions [1] Group 1: Financial Performance - The estimated net profit for 2025 is projected to be negative [1] - The negative profit is mainly attributed to the loss from the real estate subsidiary, Lianfa Group Co., Ltd. [1] - Increased provisions for inventory impairment are also contributing to the negative profit outlook [1] Group 2: Subsidiary Performance - The real estate subsidiary, Lianfa Group Co., Ltd., is expected to report a loss in profit recognition for the year [1] - The home furnishing mall subsidiary, Red Star Macalline Group Co., Ltd., is facing losses due to fair value changes in investment properties and increased impairment provisions [1] - The supply chain operation business continues to maintain stable profitability [1]