Movement Alert｜Longfor Group Falls 3.05% in Regular Trading, Annual Report Shows First-Ever Core Net Loss Combined with Sector-Wide Weakness

On May 28, Longfor Group fell 3.05% in regular trading, trading at 7.65 HKD/share, with trading volume of 28.69 million HKD.

On the news front, the company's annual report revealed net profit attributable to shareholders of 10.2 billion yuan, plunging 90.2% year-over-year. More critically, after excluding fair value changes on investment properties, the company recorded its first-ever core net loss since listing, amounting to 1.7 billion yuan. Full-year dividend per share dropped approximately 78% year-over-year, rendering the high-dividend thesis temporarily ineffective. Management indicated that the profit trough spans through the current year, with recovery expected from next year onward.

The development business posted nearly 10 billion yuan in losses, partially offset by 7.9 billion yuan in profits from commercial properties and property management services. The company's 99 Paradise Walk shopping centers remain its key profit anchor, having achieved self-sustaining cash flow. Meanwhile, the broader Real Estate Development sector traded under pressure, with Radiance Holdings down 4.37%, China Overseas Development down 2.42%, Henderson Land down 1.67%, and CK Asset down 1.8%, reflecting weak industry sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)