凤凰股份：预计2025年度净利润亏损4.5亿元到3.6亿元

Group 1 - The company, Phoenix Holdings, expects to report a net loss attributable to shareholders of between -450 million and -360 million yuan for the fiscal year 2025 [1] - The primary reason for the performance change is the impact of the real estate market, leading the company to continue to provision for asset impairment on certain projects after previously recognizing impairments [1] - The decline in sales prices and slower sales pace of projects, along with a decrease in gross margin, has resulted in a significant reduction in operating gross profit compared to the previous year, leading to a negative net profit even after excluding impairment factors [1]