TIMES CHINA (01233) has announced that for the fiscal year ending December 31, 2025, the group expects a net loss attributable to owners of the company not to exceed 3 billion yuan. This compares to a net loss attributable to owners of approximately 166.1 billion yuan for the year ended December 31, 2024. The significant reduction in the net loss attributable to owners for 2025 compared to 2024 is primarily attributed to gains from the restructuring of its offshore debt. Excluding the impact of these restructuring gains, the net loss attributable to owners for the current year is projected to increase by no more than 50 billion yuan compared to 2024. This anticipated increase is mainly due to the persistently weak conditions in the Chinese real estate market, which have led to a decrease in revenue from projects delivered during the year and put pressure on gross profit margins, alongside an increase in impairments for property projects and other assets.