Zhenro Properties expects FY2025 loss attributable to owners of RMB17-18 billion

Reuters
Mar 20
Zhenro Properties expects FY2025 loss attributable to owners of RMB17-18 billion
  • Zhenro Properties expects a loss attributable to owners of the parent of about RMB17 billion to RMB18 billion, compared with about RMB6.83 billion previously.
  • Core loss is forecast at about RMB5 billion to RMB6 billion, versus about RMB3.18 billion previously.
  • Management cited weaker China real estate demand leading to lower selling prices and gross profit, plus impairment provisions on properties and other assets.
  • Additional factors included higher non-capitalized financing interest and a decline in the fair value of investment properties.


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