GREENLAND HK(00337) issues profit warning, expecting shareholders to incur a loss of approximately 2.2 billion to 2.5 billion yuan by 2025.
Greenland Hong Kong (00337) announced that it is expected to incur a net loss attributable to owners of the company of approximately RMB 22 billion to RMB 25 billion in the fiscal year 2025, while a net loss of approximately RMB 20.9 billion was recorded in the year ended December 31, 2024. The loss is mainly due to the impact of the downturn in the real estate industry, leading to a decrease in revenue from property deliveries and a reduction in gross profit margin for the full year of fiscal year 2025.
Greenland HK (00337) announced that the group is expected to record a loss attributable to owners of the company of approximately RMB 22 billion to RMB 25 billion in the fiscal year 2025, while a loss of approximately RMB 20.9 billion was recorded for the year ended December 31, 2024. The main reason for the loss is due to the impact of the downturn in the real estate industry, leading to a decrease in property income and a lower gross profit margin for the full year of fiscal year 2025.
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Bank Of Chongqing (01963) will distribute a final dividend of HKD 0.2918 per share.

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