Rong'an Real Estate: Expects net profit to be negative in 2025.

Rong'an Real Estate Announcement: It is expected that the net profit for the year 2025 will be negative, with the net profit attributable to the shareholders of the listed company estimated to be between -13 billion yuan and -6.5 billion yuan, compared to -17.31 billion yuan in the same period of the previous year. After deducting non-recurring gains and losses, the net profit is expected to be between -13.14 billion yuan and -6.64 billion yuan, compared to -17.61 billion yuan in the same period of the previous year. The main reason for the expected loss in this period's performance is the decrease in the number and profitability of the company's real estate project settlements, as well as the company conducting preliminary impairment tests on project assets in accordance with enterprise accounting standards. Based on the principle of prudence, it is expected that impairment provisions will be made for some project assets.