R&F PROPERTIES issues a profit warning, expecting a mid-term net loss of approximately 4.08 billion yuan
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According to the Zhitong Finance APP, R&F PROPERTIES announced that the group expects to record a net loss of approximately RMB 4.08 billion for the six months ending June 30, 2025, compared to a net loss of RMB 2.33 billion for the period ending June 30, 2024. The net loss during the period is mainly due to the continued downturn in the Chinese real estate industry, leading to a decline in revenue and gross profit from property development
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