Longfor Group (HKG:0960) expects profit attributable to owners of about 1 billion yuan for 2025, compared with 10.4 billion yuan a year earlier, a Friday Hong Kong bourse filing said.
Shares of the property developer were down nearly 5% in Monday morning trade.
The company attributed the decline mainly to continued adjustments in the real estate market, where pressure on both sales volume and pricing led to lower recognized revenue from its property development segment and further contraction in gross profit margin.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments