D.L.real estate(SH:600159) Shang Hai Zheng Quan Bao·2026-01-19 19:24Core Viewpoint - Company anticipates a significant net loss for the year 2025, indicating ongoing challenges in the real estate market and operational difficulties [2][3][9]. Financial Performance - The company expects a net profit attributable to shareholders of between -280 million and -230 million yuan for 2025 [3][5]. - The expected net profit, after excluding non-recurring gains and losses, is projected to be between -295 million and -245 million yuan [6]. - In comparison, the net profit for 2024 was -199.44 million yuan, and the net profit after excluding non-recurring items was -200.60 million yuan [7]. Business Operations - In Q4 2025, the company achieved a signed area of 669.57 square meters, a decrease of 90.20% year-on-year, and a signed amount of 4.76 million yuan, down 89.79% year-on-year [14]. - For the entire year of 2025, the cumulative signed area was 14,172.99 square meters, a decrease of 12.83%, with a total signed amount of 129.78 million yuan, down 6.33% [14]. - The total rental area for the company is 148,524.56 square meters, generating rental income of 14.25 million yuan in 2025, with an occupancy rate of 12.08% and an average monthly rent of 66.18 yuan per square meter [15]. Project Status - There were no new real estate project reserves, new construction projects, or completed projects in Q4 2025 [16]. - The construction business has no major signed projects that are yet to be executed as of December 31, 2025 [17].