Greenland Holdings lost more than 3 billion yuan in the first half of the year!

Greenland Holdings disclosed its performance forecast on the evening of July 14. The company expects to achieve a net profit loss of 3 billion yuan to 3.5 billion yuan attributable to shareholders of listed companies in the first half of 2025, compared with a profit of 210 million yuan in the same period last year. The main reasons for the

loss are: firstly , due to the market downturn, the carry-over scale of the company's real estate industry and the revenue scale of the infrastructure industry have declined considerably year on year, and the gross profit margin of the company's real estate industry has also declined year on year, resulting in further pressure on performance;

Secondly , due to the downward trend of asset prices, the company's increased efforts to promote sales, and the extension of the development cycle of some projects, based on the principle of prudence, the company intends to make provision for impairment of some real estate projects;

Thirdly , the capitalization of interest on real estate projects has decreased, and the interest expenditure included in the current financial expenses has increased.