Yuexiu Real Estate: It is expected that the net profit attributable to equity holders will decrease to a maximum of 1 billion yuan by 2025, with annual sales of approximately 106.2 billion yuan.

On January 23, Yuexiu Real Estate issued a profit warning. The announcement shows that, based on the preliminary evaluation of the unaudited comprehensive management accounts for the year 2025 and the information currently available to the board of directors, it is expected that the equity holders' share of profits for the year 2025 will decrease by approximately 0.5 billion to 1 billion compared to the year 2024, a decrease of about 90% to 95%; and the core net profit will decrease by approximately 2.5 billion to 3.5 billion compared to the year 2024, a decrease of about 80% to 85%. Yuexiu Real Estate explained in the announcement that the decrease in equity holders' share of profits and core net profit is mainly due to the following reasons.