Cinda Real Estate: In 2025, the net profit attributable to shareholders will incur a loss of 7.875 billion yuan, and measures on both the supply and demand sides of the real estate market will be further optimized.

Ask AI · How will market adjustments after the losses of Cinda Real Estate affect its transformation?

On April 1st, Cinda Real Estate (600657.SH) released its 2025 annual report, during which the company achieved a total operating revenue of 4.58B yuan, a decrease of 42.9% year-on-year; total profit of -8.45 billion yuan, a decrease of 1,214.97% year-on-year; and net profit attributable to the parent of -7.88B yuan, a decrease of 904.62% year-on-year.

The announcement shows that Cinda Real Estate’s net profit attributable to the parent company for 2025 was -7.88B yuan, with three consecutive years of average distributable profit of -2.72B yuan, and a cumulative cash dividend of 0 yuan, in accordance with the company’s articles of association regarding no profit distribution during loss periods. Despite continued pressure on net profit, retained funds are planned to be used to supplement working capital and project reserves to reduce financing costs, reflecting a prudent financial strategy.

As of the end of 2025, Cinda Real Estate’s total assets were 76.6B yuan, an increase of 76.43B yuan from 165M yuan at the beginning of the year; total liabilities were 57.57B yuan, an increase of 50.5B yuan from 7.07B yuan at the beginning of the year; owners’ equity attributable to the parent was 15.96B yuan, a decrease of 23.84B yuan from 7.88B yuan at the beginning of the year; the asset-liability ratio was 75.15%, up 9.08 percentage points from 66.07% at the end of the previous year.

Cinda Real Estate stated in its annual report that the company will continue to innovate its business and profit models, developing distressed real estate investment, light assets, and asset revitalization businesses, striving to seize industry mergers and acquisitions opportunities, expanding the scale of light-asset businesses, creating a second growth curve in real estate asset management, and building a balanced business portfolio of light and heavy assets to enhance sustainable development capabilities.

The announcement also indicated that major changes have occurred in China’s real estate market supply and demand relationship, with the overall market shifting from a seller’s market to a buyer’s market, and the real estate development prosperity index remaining low. In 2025, the national real estate market is still in a process of adjustment and decline, requiring greater efforts to promote a stabilization and rebound of the market.

Regarding the real estate industry in 2026, Cinda Real Estate believes that real estate policies will further strengthen the coordination of incremental and stock management, balancing risk prevention and development promotion, and considering short-term market stabilization and long-term institutional building. Measures on both supply and demand sides will be further optimized, with local governments lowering purchase thresholds, accelerating inventory clearance, and promoting urban renewal initiatives. As these policies gradually take effect, they will help improve and stabilize market expectations, boost market confidence, and promote a stabilization and rebound of the market.