Phoenix Property has issued an announcement projecting an interim loss of 262 million to 327 million yuan for the first half of 2026. The expected loss is mainly due to the impact of the real estate market, with declining sales prices and falling gross margins for projects on sale. At the same time, the company continues to make asset impairment provisions for some projects based on the market environment and product mix in each project's region. In the first quarter of 2026, Phoenix Property achieved revenue of 116 million yuan, with a net loss attributable to the parent company of 28.13 million yuan.
Jiangsu Phoenix Property Investment Co LtdCompany projects interim loss due to declining sales prices and falling gross margins from real estate market impact.