Sunac Real Estate: It is expected that the net profit in 2025 will be negative, estimated to be between -82 billion to -76 billion yuan.

China Real Estate announced that it is expected to achieve a net profit attributable to the owners of the parent company of -8.2 billion to -7.6 billion in 2025. The main reasons for the loss in this period are as follows: the reduced scale of delivery of real estate development projects this period, resulting in a year-on-year decrease in operating income and gross profit margin. Some of the real estate development projects and financial investments show signs of impairment, and the company, based on market conditions, has made provisions for impairment in accordance with the principle of prudence.