BUCID(SH:600266) Ge Long Hui A P P·2026-01-23 10:47Core Viewpoint - The company Chengjian Development (600266.SH) is expected to report a significant net loss for the year 2025, with projections indicating a loss between 284 million yuan and 423 million yuan, primarily due to the overall impact of the real estate market [1] Financial Projections - The anticipated net profit attributable to the parent company for 2025 is projected to be between -284 million yuan and -423 million yuan [1] - The expected net profit after deducting non-recurring gains and losses is forecasted to be between -742 million yuan and -1.096 billion yuan [1] Reasons for Loss - The primary reason for the projected losses in 2025 is the overall impact of the real estate market, which has led to some development projects showing signs of net realizable value being lower than their costs [1] - The company has preliminarily determined the net realizable value of these projects and plans to recognize inventory impairment provisions for the portion where the net realizable value is below cost during the performance forecast period [1]