Zhongliang (HKG:2772) expects to post a loss attributable to owners of about 4 billion yuan to 4.5 billion yuan for 2025, widening from a loss of about 2.4 billion yuan a year earlier, according to a March 20 Hong Kong bourse filing.

Shares of the property firm were down over 7% in Monday afternoon trade.

The company said the deeper loss was mainly due to lower revenue and gross profit from reduced property deliveries, as well as further impairments on property projects and other assets, partly offset by a one-off non-cash gain from offshore debt restructuring.

Zhongliang expects to publish its annual results by the end of March 2026.