RiseSun Real Estate forecasts massive half-year loss

RiseSun Real Estate Development forecasts a net loss of 220bn to 330bn yuan for the first half of 2025, compared to a 31.7bn yuan loss in the same period last year.

Excluding non-recurring items, the company expects losses of 210bn to 310bn yuan, up from 4.8bn yuan previously. The increased loss is attributed to decreased revenue and lower profit margins from development projects.