Jingneng Real Estate: It is expected that the net profit attributable to the mother in 2025 will be a loss of 986 million to 1.315 billion yuan.

Kingkey Real Estate announced that it is expected to have a net loss of 986 million to 1.315 billion yuan attributable to the parent company's owners in 2025, an increase of 877 million to 1.206 billion yuan compared to the same period last year. The company expects a net loss of 979 million to 1.308 billion yuan attributable to the parent company's owners in 2025 after deducting non-recurring gains and losses. The main reason for the overall expected loss in 2025 is that the company is adopting a flexible sales strategy for some real estate projects to adapt to the market environment, resulting in a decrease in gross profit and provision for inventory impairment, leading to the current period loss.