On 6 March 2026, Longfor Group Holdings Limited (00960) released an announcement indicating a substantial decrease in profit for the year ended 31 December 2025, driven by continued pressure in the real estate market.

Compared to the profit attributable to owners of RMB10.40 billion for 2024, the figure for 2025 is expected to be approximately RMB1.00 billion. Moreover, the core net profit attributable to owners in 2024 of RMB6.97 billion (excluding effects of fair value changes in investment properties and derivatives) is projected to turn into a core net loss ranging from RMB1.50 billion to RMB2.00 billion for 2025. The announcement attributes these results to downward pressure on volume and pricing in property development, impacting both recognized revenue and gross profit margin.

The company underlined a steady reduction in debt over the past three years, noting that 2025 represented the third consecutive year in which overall operations, including capital expenditures, recorded positive operating cash flow. Ongoing stability in its investment property operation and property service businesses continues to support recurring profit. The company aims to maintain financial safety, uphold further debt reduction, and advance a shift from its traditional development role toward integrated property operation and service.

Finalized annual results for the year ended 31 December 2025 are expected on or before 31 March 2026. The announcement advises shareholders and potential investors to exercise caution when dealing in the company’s shares.