LVGEM CHINA Issues Profit Warning, Anticipates 2025 Loss of Approximately 9.7 Billion Yuan

Stock News

03/20

LVGEM CHINA (00095) announced that the group expects to record a loss of approximately RMB 9.7 billion for the fiscal year ending December 31, 2025. This compares to a loss of approximately RMB 5.4 billion recorded for the year ended December 31, 2024. The increased loss for the 2025 fiscal year is primarily attributed to a larger fair value loss on investment properties and provisions for impairment losses on properties under development and properties held for sale, resulting from the current challenging real estate market conditions.

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This compares to a loss of approximately RMB 5.4 billion recorded for the year ended December 31, 2024. The increased loss for the 2025 fiscal year is primarily attributed to a larger fair value loss on investment properties and provisions for impairment losses on properties under development and properties held for sale, resulting from the current challenging real estate market conditions.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1240","symbol_name":"房地產開發","start_time":0,"source_url":"","article_id":"1169157726","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169157726","pubTimestamp":1774000820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"LVGEM CHINA (00095) announced that the group expects to record a loss of approximately RMB 9.7 billion for the fiscal year ending December 31, 2025. 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