Ganglong China Property Group Limited Announces Estimated FY2025 Results: Significant Loss Expected

Ganglong China Property Group Limited (Stock Code: 6968) has issued an important announcement regarding its estimated financial results for the year ended 31 December 2025. This disclosure is made in accordance with the Hong Kong Stock Exchange Listing Rules and the Inside Information Provisions under the Securities and Futures Ordinance.

Key Highlights

• Expected Loss: The Group anticipates recording a loss and total comprehensive expenses for FY2025 of not more than RMB2,000 million. This figure represents a substantial increase compared to the loss of approximately RMB982 million reported for the year ended 31 December 2024.
• Main Reasons for Increased Loss:
  • Decrease in Revenue: Lower contracted sales and reduced recognition of properties sold have led to a decline in revenue from contracts with customers.
  • Falling Gross Profit Margin: The Group faced a downward trend in gross profit margin, mainly due to adverse market conditions and an increase in impairment recognised for properties under development.
• Nature of Information: The figures are based on a preliminary assessment of unaudited consolidated management accounts and other information currently available to the Board. The results have not yet been audited or reviewed by the Company’s auditor or its audit committee, and may be subject to adjustments.
• Timeline for Final Results: The Company plans to disclose its full audited financial results for FY2025 in its annual results announcement, expected to be published before the end of March 2026.

Implications for Shareholders and Investors

• Potential Price Sensitivity: The expected substantial loss for FY2025, nearly doubling from the previous year, is highly relevant for shareholders and potential investors. The magnitude of this loss and the factors contributing to it—such as declining sales and increased impairments—could have material impact on the Company’s share price.
• Market Conditions: The announcement highlights ongoing adverse market conditions within the property sector, which continue to affect profitability and asset values.
• Management Caution: Investors are advised to exercise caution when dealing in the shares of Ganglong China Property Group Limited, given the preliminary nature of the results and the potential for further adjustments.
• Leadership: As of the announcement date, the Company’s Board comprises Chairman and Executive Director Mr. Lui Ming, along with Mr. Lui Jin Ling and Mr. Lui Chi Chung Jimmy as executive directors. Independent non-executive directors include Mr. Chang, Eric Jackson, Ms. Wu Hua, and Mr. Xiong Lusheng.

Conclusion

The anticipated significant loss for FY2025, nearly double that of the previous year, coupled with deteriorating market conditions and increased impairments, constitutes a material development for Ganglong China Property Group Limited. Shareholders and investors should closely monitor upcoming announcements and exercise appropriate caution in light of this information.

Disclaimer: This article is based on the preliminary estimates and unaudited management accounts disclosed by Ganglong China Property Group Limited. The actual audited results may differ and further information will be provided in the Company’s formal annual results announcement. Investors are advised to consider all relevant risks and seek professional advice before making investment decisions.

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