Central China Real Estate Issues Profit Warning, Anticipates Shareholder Losses Between 2.8 and 3.2 Billion Yuan for 2025

Stock News03-18

Central China Real Estate (00832) has announced that the group expects to record an attributable loss to its equity shareholders in the range of approximately RMB 2.8 billion to RMB 3.2 billion for the fiscal year ending December 31, 2025. This compares to a loss of approximately RMB 3.308 billion reported for the previous fiscal year ended December 31, 2024. The projected loss attributable to equity shareholders is primarily due to the combined impact of the macroeconomic environment and the ongoing downturn in the property market. These factors have led to estimated impairment provisions for inventory and receivables. Additionally, a decline in recognized revenue and gross profit margin from property sales has resulted in income being insufficient to cover the company's operating costs and expenses.

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