金科地产集团股份有限公司2025年度业绩预告

Core Viewpoint - Jinke Property Group Co., Ltd. expects a net profit attributable to shareholders of 30 billion to 35 billion yuan for the year 2025, while the net profit after deducting non-recurring gains and losses is projected to be a loss of 29 billion to 35 billion yuan due to various factors including reduced revenue and increased impairment losses [2][5][13]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025, with the first accounting year after the implementation of financial delisting risk warning [3]. - The company anticipates a positive net profit, indicating a turnaround from previous losses [3]. - The company plans to increase its share capital to 10,634,081,632 shares following the execution of its restructuring plan [3]. Group 2: Reasons for Performance Changes - The main reason for the expected turnaround in net profit is the completion of the restructuring plan, resulting in a restructuring gain estimated at 68 billion to 70 billion yuan, which will be included in non-recurring gains and losses [5]. - The projected loss after deducting non-recurring gains and losses is attributed to several factors, including a significant decrease in project sales, reduced revenue from projects reaching delivery conditions, and increased interest expenses due to overdue financing [7][6]. - The company has identified impairment indicators for some real estate development projects, leading to asset and credit impairment losses [7]. Group 3: Risk of Delisting - The company’s net assets were negative at the end of 2024, triggering a financial delisting risk warning under the stock listing rules [10][12]. - If the company’s audited financial report for 2025 reveals conditions specified in the stock listing rules, there is a risk of termination of stock listing [10][12]. - The company is required to disclose the risk of potential delisting due to the negative net assets and continuous losses over the past three years [10][14].