Core Viewpoint - Company anticipates a significant net loss for the year 2025, indicating ongoing challenges in the real estate market and operational difficulties [2][3][9]. Financial Performance - The company expects a net profit attributable to shareholders of between -280 million and -230 million yuan for 2025 [3][5]. - The expected net profit, after excluding non-recurring gains and losses, is projected to be between -295 million and -245 million yuan [6]. - In comparison, the net profit for 2024 was -199.44 million yuan, and the net profit after excluding non-recurring items was -200.60 million yuan [7]. Business Operations - In Q4 2025, the company achieved a signed area of 669.57 square meters, a decrease of 90.20% year-on-year, and a signed amount of 4.76 million yuan, down 89.79% year-on-year [14]. - For the entire year of 2025, the cumulative signed area was 14,172.99 square meters, a decrease of 12.83%, with a total signed amount of 129.78 million yuan, down 6.33% [14]. - The total rental area for the company is 148,524.56 square meters, generating rental income of 14.25 million yuan in 2025, with an occupancy rate of 12.08% and an average monthly rent of 66.18 yuan per square meter [15]. Project Status - There were no new real estate project reserves, new construction projects, or completed projects in Q4 2025 [16]. - The construction business has no major signed projects that are yet to be executed as of December 31, 2025 [17].

大龙地产公告称，其控股子公司大龙顺发参与北京市顺义区一项目施工公开招标，根据2026年1月12日 公示，为第一中标候选人，投标报价7.63亿元。项目公示期为2026年1月12日至1月14日，大龙顺发能否 获得《中标通知书》尚不确定，项目金额及内容以正式合同为准。若中标，合同签订和履行将对公司业 绩产生积极影响，且不影响业务独立性。公司将披露进展，提醒投资者注意风险。 ...