Core Viewpoint - On August 18, Kaisa Prosperity (03913.HK) issued a mid-term profit warning, projecting a net loss of no more than 280 million yuan for the first half of the year, compared to a net profit of 69.9 million yuan in the same period last year [1] Summary by Relevant Categories Financial Performance - The company anticipates a net loss of up to 280 million yuan for the first half of the year, a significant decline from the previous year's profit of 69.9 million yuan [1] Reasons for Loss - The company cited three main reasons for the anticipated loss: 1. A provision for impairment of trade receivables of no more than 238 million yuan due to the ongoing downturn in the real estate sector, leading to a slowdown in the recovery of trade receivables [1] 2. A decrease in deferred tax assets resulting in tax expenses of no more than 133 million yuan, primarily due to the continued pressure on the macroeconomic environment [1] 3. An impairment of no more than 114 million yuan related to goodwill and property, plant, and equipment, driven by intense market competition and failure to renew contracts with certain subsidiaries [1]

Core Viewpoint - The company, Kaisa Group Holdings (03913.HK), anticipates a net loss of approximately RMB 280 million for the six months ending June 30, 2025, compared to a net profit of about RMB 69.9 million for the same period ending June 30, 2024 [1] Group Summaries - The expected net loss is primarily attributed to a provision for impairment of trade receivables amounting to no more than RMB 238 million, driven by the ongoing downturn in the Chinese real estate sector and significant market changes, including weakened demand and downward pressure on property prices [1] - A reduction in deferred tax assets will lead to a tax expense of no more than RMB 133 million during the period, mainly due to the continued pressure on the macroeconomic environment, which has resulted in increased provisions for trade receivables [1] - The company has made an impairment provision of no more than RMB 114 million for goodwill and property, plant, and equipment, largely due to intense market competition that has affected the renewal of contracts for certain subsidiaries acquired in previous periods [1]