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LONGFOR GROUP (00960.HK) Expects Profit to Decline, 1H26 Earnings May Reach Up to RMB2 Billion
2026-08-16 20:27:13
LONGFOR GROUP (00960.HK) issued a profit warning, expecting profit for the six months ended June to range between RMB1.8 billion and RMB2 billion, compared with RMB3.22 billion recorded in the same period last year. Core profit is expected to range between RMB50 million and RMB100 million, versus RMB1.38 billion in the same period last year. The company said the property market remains in an adjustment period, and its focus on inventory destocking has led to a continued decline in settlement revenue from the property development business and pressure on settlement gross margin. (de/d)~

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