Sunac China (1918) warned of a loss of up to 13 billion yuan for 2025.
The expected loss ranges from 12 billion yuan to 13 billion yuan, representing a reduction of up to 49.4 percent from 2024, according to a filing on Tuesday.
The decrease was primarily due to the recognition of a gain on offshore debt restructuring last year.
Excluding the one-off gain, the loss was mainly attributable to a significant decline in recognised revenue and pressure on gross profit margin as affected by the market, as well as additional provision for impairment of assets and the provision for contingent liabilities, the developer said.
