GREENLAND HK (00337) Issues Profit Warning, Anticipates Shareholder Net Loss Between 2.2 Billion and 2.5 Billion Yuan for 2025

Stock News

03/24

GREENLAND HK (00337) has announced that the group expects to record a net loss attributable to the company's owners in the range of approximately RMB 2.2 billion to RMB 2.5 billion for the 2025 fiscal year. This compares to a net loss attributable to owners of approximately RMB 2.09 billion for the year ended December 31, 2024. The projected loss is primarily due to decreased revenue from property deliveries and a lower gross profit margin for the full 2025 fiscal year, impacts attributed to the ongoing downturn in the real estate sector.

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This compares to a net loss attributable to owners of approximately RMB 2.09 billion for the year ended December 31, 2024. 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