Hong Kong Dragon CHINA PROPERTIES (06968) issues profit warning, expecting a loss for the full year 2025 with a total comprehensive expense not exceeding 2 billion yuan.
Hong Kong Dragon China Real Estate (06968) announced that it is expected that the company will incur a total comprehensive expenses not exceeding RMB 2 billion for the year ending December 31, 2025, while for the year ending December 31, 2024, it is expected to be approximately RMB 980 million. The above changes are mainly attributed to the decrease in contract sales of properties sold and recognized, decrease in revenue from customer contracts, adverse market conditions, and increase in impairment of properties under development, resulting in an overall decrease in the group's gross profit margin.
Hong Kong Dragon CHINAPROPERTIES (06968) announced that it is expected to incur a loss of no more than RMB 2 billion in total expenses for the year ending December 31, 2025, while the loss for the year ending December 31, 2024 is expected to be around RMB 982 million. The increase in loss is mainly attributed to the decrease in contract sales and revenue from customer contracts due to the decrease in revenue from the sale of properties, as well as unfavorable market conditions and an increase in impairment charges for properties under development, resulting in a decrease in the group's overall gross profit margin.
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