Group 1 - The company, Baoxin Land (00299), expects a net loss of no more than HKD 245 million for the six months ending June 30, 2025, compared to a net loss of approximately HKD 1.57 billion for the same period ending June 30, 2024 [1] - The anticipated net loss is primarily attributed to the prolonged downturn in the Chinese real estate market, resulting in a significant decline in revenue [1] - Additional factors contributing to the expected net loss include a decrease in the fair value of investment properties and impairment losses related to advance payments and deposits for a land redevelopment project during the period [1]

Core Viewpoint - The company, Baoxin Land (00299), anticipates a net loss of no more than HKD 245 million for the six months ending June 30, 2025, compared to a net loss of approximately HKD 1.57 billion for the same period ending June 30, 2024 [1] Group 1 - The expected net loss is primarily due to the prolonged downturn in the Chinese real estate market, leading to a significant decline in revenue [1] - The fair value of investment properties has decreased, contributing to the anticipated losses [1] - There are impairment losses related to prepayments and other deposits for a land redevelopment project during this period [1]

智通财经APP讯，巨匠建设(01459)发布截至2025年6月30日止六个月业绩，收入23.35亿元(人民币，下 同)，同比下降39.1%;母公司拥有人应占亏损111.1万元，上年同期利润1483万元。 期内收入同比下降，主要由于截至2025年6月30日止六个月，建筑承包业务减少约14.94亿元。建筑承包 业务减少是主要由于截至2025年6月30日止六个月房地产市场整体低迷，以及集团新承接项目的净值金 额减少。截至2025年6月30日止六个月的住宅及工业和公共建筑承包业务收入较去年同期分别减少约 6.506亿元约5.686亿元及约2.393亿元。与去年相比集团增加资源，并聚焦于信用良好的高价值项目，以 降低业务风险。 ...

Core Viewpoint - The company, Road King Infrastructure (01098.HK), anticipates a significant loss for the six months ending June 30, 2025, primarily due to the ongoing downturn in the real estate market and challenging industry conditions [1] Financial Performance - The group expects a loss of approximately HKD 1.5 billion to HKD 1.7 billion for the period, while the loss attributable to shareholders is projected to be around HKD 1.9 billion to HKD 2.1 billion [1] - In comparison, for the six months ending June 30, 2024, the group reported a loss of HKD 394 million, with a loss attributable to shareholders of HKD 1.027 billion [1] Market Conditions - The anticipated losses are attributed to declining profit margins from real estate projects in mainland China and Hong Kong, alongside increased impairment provisions for properties and related assets [1] - The significant increase in losses compared to the previous year is partly due to the sale of the entire stake in the mainland China highway business, which generated a post-tax net gain of HKD 1.49 billion (approximately HKD 1.118 billion attributable to shareholders) in the first half of 2024, offsetting some operational losses from the previous year [1] - Excluding the net gain from the sale, the net loss for the first half of 2024 would be similar to the anticipated loss for the current period [1] Upcoming Events - The company plans to hold a board meeting on August 26 to approve the interim results [1]

路劲(01098)发布公告，预期截至2025年6月30日止六个月，集团取得期内亏损约为港币15亿元至港币17 亿元，而公司拥有人应占亏损则约为港币19亿元至港币21亿元(2024年上半年:集团亏损为港币3.94亿 元，而公司拥有人应占亏损为港币10.27亿元)。 公司于期内取得此亏损，主要由于受房地产市场持续低迷及行业经营环境严峻所影响，导致中国内地及 中国香港的房地产项目利润率下滑和物业与相关资产减值拨备增加。期内亏损较去年同期增加主要因集 团于2024年上半年出售全部中国内地公路业务权益而确认出售税后净收益港币14.90亿元(公司拥有人应 占约为港币11.18亿元)，从而抵销去年同期部分营运亏损。若剔除该出售净收益，2024年上半年与期内 净亏损相若。 ...

公司于期内取得此亏损，主要由于受房地产市场持续低迷及行业经营环境严峻所影响，导致中国内地及 中国香港的房地产项目利润率下滑和物业与相关资产减值拨备增加。期内亏损较去年同期增加主要因集 团于2024年上半年出售全部中国内地公路业务权益而确认出售税后净收益港币14.90亿元(公司拥有人应 占约为港币11.18亿元)，从而抵销去年同期部分营运亏损。若剔除该出售净收益，2024年上半年与期内 净亏损相若。 智通财经APP讯，路劲(01098)发布公告，预期截至2025年6月30日止六个月，集团取得期内亏损约为港 币15亿元至港币17亿元，而公司拥有人应占亏损则约为港币19亿元至港币21亿元(2024年上半年:集团亏 损为港币3.94亿元，而公司拥有人应占亏损为港币10.27亿元)。 ...

Core Viewpoint - The company anticipates a significant loss for the upcoming six months ending June 30, 2025, with estimated losses between RMB 1.1 billion and RMB 1.5 billion, following a loss of approximately RMB 2.6 billion for the six months ending June 30, 2024, primarily due to adverse macroeconomic conditions and a sluggish real estate market [1] Financial Performance - The company expects to incur a loss attributable to equity shareholders of approximately RMB 1.1 billion to RMB 1.5 billion for the six months ending June 30, 2025 [1] - For the six months ending June 30, 2024, the company reported a loss attributable to equity shareholders of approximately RMB 2.6 billion [1] Market Conditions - The anticipated losses are attributed to the ongoing downturn in the macroeconomic environment and the real estate market [1] - The company has made provisions for impairment of inventory and receivables based on a cautious approach due to the prevailing market conditions [1] Revenue and Profitability - There has been a decline in revenue recognition and gross profit margin, which has hindered the company's ability to cover its costs and expenses [1]

建业地产(00832.HK)发布公告，预期本集团于截至2025年6月30日止6个月将会取得本公司权益股东应占 亏损约人民币11亿元至人民币15亿元，而截至 2024年6月30日止6个月则取得本公司权益股东应占亏损 约人民币26亿元。本公司权益股东应占亏损主要是由于受宏观经济形势及 房地产市场持续低迷的综合 影响，导致基于谨慎性原则，预估存货及应收款项减值拨备;及房地产确认收入和毛利率下降，未能支 付本公司的成本和开支。 ...

智通财经APP讯，建业地产(00832)发布公告，预期本集团于截至2025年6月30日止6个月将会取得本公司 权益股东应占亏损约人民币11亿元至人民币15亿元，而截至 2024年6月30日止6个月则取得本公司权益 股东应占亏损约人民币26亿元。本公司权益股东应占亏损主要是由于受宏观经济形势及房地产市场持续 低迷的综合影响，导致基于谨慎性原则，预估存货及应收款项减值拨备;及房地产确认收入和毛利率下 降，未能支付本公司的成本和开支。 ...

Core Viewpoint - The real estate market in Shanghai's suburban areas is experiencing a significant price drop, with some properties selling for as low as 200,000 yuan, raising concerns about the quality and value of these homes [1][3][11]. Group 1: Price Trends - Properties in suburban Shanghai are being sold at unprecedented low prices, with examples including a unit in Songjiang district dropping from 22,000 yuan per square meter to 18,000 yuan [5]. - In Jiading district, a property is listed for 800,000 yuan, while in Fengxian district, a two-bedroom unit can be purchased for 650,000 yuan, and another in Pudong for as low as 580,000 yuan [5]. - The lowest prices have reached 200,000 yuan for an entire unit, which is comparable to the extremely low prices seen in smaller cities like Hegang [1][5]. Group 2: Market Sentiment - There is a mixed reaction to the low prices, with some viewing it as an opportunity while others express skepticism about the quality of these homes, citing issues such as poor location and lack of amenities [3][9]. - New residential developments are also struggling, with properties like "Jiaxin Hui" in Anting selling only 215 out of 369 units since its launch, indicating a lack of market confidence [7]. - The overall sentiment suggests that despite the low prices, the properties may not represent a good investment due to their undesirable characteristics and the long commutes required for city workers [12]. Group 3: Market Implications - The drastic price reductions in suburban Shanghai indicate a broader decline in the real estate market, suggesting that the sector is facing significant challenges [11]. - The perception that these low-priced homes are a "lifeline" for first-time buyers is countered by warnings that they may actually represent a poor investment choice, with long-term implications for buyers [12].