Sunac China Holdings Limited (01918) has issued a profit warning, projecting a consolidated net loss attributable to shareholders of approximately RMB12.00 billion to RMB13.00 billion for the financial year ended 31 December 2025. This represents a substantial improvement from the RMB25.70 billion loss recorded in 2024.

The narrowed deficit is primarily driven by a gain booked from the group’s offshore debt restructuring completed during the year. Excluding this non-recurring gain, management attributed the continuing loss to:

1. A marked reduction in recognised revenue amid subdued market conditions.

2. Persistent gross margin compression.

3. Additional asset impairment provisions and contingent liability charges.

The figures are derived from unaudited management accounts and have neither been audited by external auditors nor reviewed by the audit committee. Final audited results are scheduled for release before end-March 2026.

The announcement was published under Rule 13.09 of the Hong Kong Listing Rules and Part XIVA of the Securities and Futures Ordinance. Investors are advised to exercise caution when dealing in Sunac securities until the formal results are disclosed.