Zheng Quan Ri Bao·2026-01-30 23:28Group 1: Performance Forecast - The company expects a net profit to be negative for the period from January 1, 2025, to December 31, 2025 [2] - The decline in net profit is primarily due to significant inventory impairment provisions and operational losses from a joint venture real estate project, impacting profits by approximately 270 million [3] Group 2: Reasons for Performance Changes - The company has made provisions for inventory impairment based on industry trends and market environment changes [4] - The sales cycle for projects has lengthened, leading to a decrease in sales prices and a decline in gross profit margins for delivered projects [5] - Increased revenue from completed projects has been offset by higher taxes and sales expenses, along with increased financial costs due to reduced capitalization of interest on qualifying projects [5] Group 3: Merger Progress - The company has completed the absorption merger of its wholly-owned subsidiaries, with Anhui Hupo Property Service Co., Ltd. absorbing Hefei Chengjian Guangde Real Estate Co., Ltd. [8] - The merger is expected to optimize the company's management structure and improve operational efficiency, aligning with future development needs [9] - The merger will not have a significant impact on the company's normal operations or financial status, nor will it harm the interests of the company and its shareholders [9]