R&F PROPERTIES (02777) issued a profit warning, expecting a net loss of approximately 5 to 5.5 billion yuan for the interim period.
Fosun Property (02777) announced that the Group expects to incur a net loss of approximately RMB 5 billion to RMB 5.5 billion for the six months ending June 30, 2026, compared to a net loss of RMB 4.082 billion for the period ending June 30, 2025. The net loss during the period is mainly due to the continued downturn in the Chinese real estate industry, which has led to a decrease in gross profit from property development.
R&F PROPERTIES (02777) announced that the Group expects to incur a net loss of approximately RMB 5 billion to RMB 5.5 billion for the six months ending June 30, 2026, compared to a net loss of RMB 4.082 billion for the period ending June 30, 2025. The net loss during this period is primarily due to the ongoing downturn in the Chinese real estate industry, resulting in a decline in gross profit from property development.
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