Kaisa Group (01638.HK) issues profit warning, expecting a net loss of not more than 11 billion yuan in the first half of the year.

Zhixin Finance APP news, Jiayuan Group (01638.HK) announced that the group is expected to incur a net loss in the first half of 2025, and the net loss attributable to the company's owners is not expected to exceed 11 billion yuan, compared to a net loss of 9 billion yuan and a net loss attributable to the company's owners of 9.1 billion yuan in the same period of 2024. The expected increase in net loss and net loss attributable to the company's owners is mainly due to (i) a reduction in property deliveries leading to a decrease in recognized revenue; and (ii) an increase in impairment provisions for property projects.