栖霞建设(600533.SH)：2025年预亏16亿元至19亿元

Core Viewpoint - The company, Qixia Construction (600533.SH), expects a net loss attributable to shareholders of approximately -1.6 billion to -1.9 billion yuan for the fiscal year 2025, with a similar range for net profit after deducting non-recurring gains and losses [1] Group 1: Financial Performance - The expected net loss is primarily due to an increase in sales revenue from completed projects, but the corresponding project gross margins are low, leading to a lack of synchronization between revenue and profit growth [1] - The company plans to recognize inventory impairment provisions for certain projects based on the overall real estate market conditions and the specific market environment of the projects [1] - The company anticipates a loss from its holdings in Palm Ecological Town Development Co., Ltd. (stock code: 002431), which is expected to impact the net profit by approximately -97.94 million to -117.53 million yuan for 2025 [1]