R&F PROPERTIES (2777.HK) Issues Profit Warning; Expects Net Loss of Approximately RMB 16.6 Billion for 2025

NewTimeSpace: Guangzhou R&F Properties Co., Ltd. (02777.HK) issued a profit warning announcement on March 31, 2026.
Based on a preliminary assessment of the Group’s unaudited management accounts for the year ended December 31, 2025, the Group expects to record a net loss of approximately RMB 16.6 billion for the year, compared with a net loss of RMB 17.789 billion for the same period in 2024.
The expected net loss for the current year is mainly due to:
The ongoing downturn in China’s real estate sector, resulting in a decline in turnover from property development;
An increase in impairment provisions for properties under development, completed properties held for sale and other fixed assets.
The information contained in this announcement is based solely on the information currently available to the Board and a preliminary assessment by management, which remains subject to finalization and potential adjustments.
The Company expects to publish its annual results announcement on March 31, 2026.
Shareholders and potential investors should exercise caution when dealing in the Company’s securities.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.