栖霞建设：预计2025年全年净亏损160000万元—190000万元

Core Viewpoint - Qixia Construction has announced a significant expected net loss for the fiscal year 2025, projecting a net profit attributable to the parent company of approximately -1.6 billion to -1.9 billion yuan [1] Financial Performance - The company anticipates a net profit attributable to the parent company, excluding non-recurring gains and losses, to also be in the range of -1.6 billion to -1.9 billion yuan for 2025 [1] - Despite an increase in sales revenue from completed projects, the corresponding project gross margin is low, leading to a lack of synchronized growth between revenue and profit [1] Market Conditions - The overall real estate market conditions have negatively impacted the company, prompting it to prudently recognize inventory impairment provisions for certain projects based on the market environment and product structure [1] Investment Impact - The company holds shares in Palm Ecological Town Development Co., Ltd. (stock code: 002431), which is also expected to incur losses, projected to affect the company's net profit by approximately -97.94 million to -117.53 million yuan for 2025 [1]