Ruian Real Estate: It is expected that the net loss attributable to shareholders in 2025 will be between 1.7 billion and 1.8 billion yuan.

On February 13, Rui'an Real Estate announced on the Hong Kong Stock Exchange that the expected net loss attributable to shareholders for the fiscal year 2025 is expected to be between RMB 1.7 billion and RMB 1.8 billion, compared to the net profit attributable to shareholders of RMB 180 million for the same period in 2024. The expected net loss is mainly due to the fair value impairment of the group's investment properties and the impairment provision for unsold inventory. The impact of these revaluations and provisions on the company's total comprehensive assets is expected to be 2% to 3%. Excluding the above impacts, the company is expected to record a core profit for the fiscal year 2025.