Longfor Group (00960.HK) expects the interim profit attributable to shareholders to be between 1.8 billion and 2.0 billion yuan.

Zhuhai Finance APP reports that Longfor Group (00960.HK) announced that compared to the net profit attributable to equity holders of the company of RMB 3.22 billion for the six months ending June 30, 2025, the net profit attributable to equity holders of the company is expected to be between RMB 1.8 billion and RMB 2.0 billion for the six months ending June 30, 2026; compared to the core profit attributable to equity holders of the company of RMB 1.38 billion for the six months ending June 30, 2025, the core profit attributable to equity holders of the company is expected to be between RMB 50 million and RMB 100 million for the six months ending June 30, 2026, after excluding the impact of fair value changes of investment properties and other derivative financial instruments. This is mainly due to the ongoing adjustment period of the real estate market, with the company focusing on inventory de-risking, resulting in a continued decline in settlement revenue from real estate development operations and pressure on settlement gross profit margins.