The A-share real estate semi-annual report continues to decline, with industry insiders saying that they hope to repair the profit statement in the future.

Listed real estate companies release semi-annual performance forecasts, and losses and reduced forecasts are still the industry's "main theme". Wind data shows that as of July 17th, more than 70 A-share real estate companies have released forecasts for the first half of 2025, with 7 companies forecasting "increased performance" and 14 companies forecasting "reversal of losses". In addition, 28 real estate companies continue to experience losses, and 16 real estate companies have reported losses in the first half of the year for the first time. Overall, more than 60% of real estate companies are experiencing losses. Analysts point out that the continuous annual losses of listed real estate companies are related to the concentration of low-profit projects, as well as factors such as provisions for market adjustments. If the industry fundamentals continue to be sluggish, real estate companies' cash flow, credit performance, and balance sheets will be negatively affected, and companies that are already at risk will face greater asset depreciation pressures.