China New Borun Real Estate Limited Issues Profit Warning; Expected Loss of 291 Million Yuan for FY2025

NightAirdropper · 2026-03-24T02:37:51+00:00

China New Urbanization Group expects to record a net loss of approximately 291 million yuan in the 2025 fiscal year, mainly due to a 91% sharp decline in revenue from commercial property development. Nevertheless, revenue from property leasing is expected to increase by 23%, providing the group with stable cash flow.

NightAirdropper

2026-03-24 02:37:51

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Guancha.com News: On March 20, China New City Group Limited issued a profit warning announcement.

The announcement shows that, based on preliminary review and assessment, China New City expects to record a net loss of no more than approximately RMB 291 million for the 2025 fiscal year, compared to a net profit of about RMB 486 million for the year ending December 31, 2024.

The shift from profit to loss in the 2025 fiscal year is mainly due to a significant decrease of no more than approximately 91% in revenue from the group’s commercial property development segment compared to the 2024 fiscal year. This includes most income from its International Office Center (IOC) Building A2.1 project being recognized in the 2024 fiscal year, with no new project sales revenue recognized of similar scale in 2025.

Nevertheless, the group expects revenue from the property leasing segment to increase by no less than approximately 23% compared to the 2024 fiscal year, providing the group with a steady cash flow.

Disclaimer: The content and data of this article are compiled by Guancha based on publicly available information and do not constitute investment advice. Please verify before use.

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