HUIJING HLDGS (09968) announced that the group expects its net loss for the fiscal year ending December 31, 2025, to increase by approximately 893.7 million yuan. The loss is projected to widen from about 801.3 million yuan for the year ended December 31, 2024, to approximately 1.695 billion yuan for the current year.

The board of directors attributes the anticipated increase in the net loss primarily to the following factors: (i) an increase of approximately 246.4 million yuan in the provision for inventory impairment, based on the net realizable value of inventory, mainly due to a decrease in the fair value of land held for development and sale; (ii) an increase of approximately 386.7 million yuan in other expenses for the year, largely resulting from higher investment losses; and (iii) an increase of approximately 207.2 million yuan in income tax expense for the year.