R&F PROPERTIES (02777) has announced that the group expects to record a net loss of approximately RMB 16.6 billion for the year ending December 31, 2025. This compares to a net loss of RMB 177.89 billion for the year ending December 31, 2024. The net loss for the current year is primarily attributable to the following factors: the ongoing downturn in China's real estate sector, which has led to a decrease in revenue from property development; and impairment provisions for properties under development, completed properties held for sale, and other fixed assets.
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