Longfor Group (HKG:0960) expects profit attributable to owners of about 1 billion yuan for 2025, compared with 10.4 billion yuan a year earlier, a Friday Hong Kong bourse filing said.

Shares of the property developer were down nearly 5% in Monday morning trade.

The company attributed the decline mainly to continued adjustments in the real estate market, where pressure on both sales volume and pricing led to lower recognized revenue from its property development segment and further contraction in gross profit margin.