Financial Street Holdings projects narrowed first-half loss

Financial Street Holdings Co forecasts a net loss of RMB 90-110 billion for the first half of 2025, compared to RMB 198.4 billion in the same period last year.

Basic earnings per share are projected at RMB -0.30 to -0.37. Excluding non-recurring items, the net loss is expected to range from RMB 80-100 billion, improving from RMB 200.4 billion previously.

The anticipated loss stems primarily from real estate development project settlements, despite efforts to adjust sales prices and promote project de-stocking.