凤凰股份发预亏，预计2025年度归母净亏损3.6亿元至4.5亿元

Core Viewpoint - Phoenix Holdings (600716.SH) has announced an expected net loss for the fiscal year 2025, projecting a loss between 360 million to 450 million yuan attributable to the parent company [1] Financial Performance - The company anticipates a net loss of 360 million to 450 million yuan after excluding non-recurring gains and losses for the year 2025 [1] - The operating gross profit is expected to significantly decrease compared to the previous year due to declining sales prices and slower sales pace in the real estate market [1] Market Impact - The real estate market conditions have adversely affected the company's projects, leading to a drop in gross margin and overall profitability [1] - The net profit attributable to the parent company remains negative even after excluding impairment factors [1]