FilingReader Intelligence
China Fortune Land Development forecasts 7.5bn yuan loss
July 12, 2025 at 05:19 AM UTC•By FilingReader AI
China Fortune Land Development expects a net loss of 5.5-7.5 billion yuan for H1 2025 due to fewer real estate project settlements and high financial expenses despite ongoing debt restructuring.
The company has restructured 192.7 billion yuan in financial debt, securing 20.2 billion yuan in interest and penalty waivers. A total of 23.6 billion yuan in debt has been settled through equity swaps.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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