$KE(BEKE.US)Among 105 Hong Kong-listed sunset property companies, only 25 achieved positive profits, with over 70% reporting losses; among 76 A-share property companies, only 36 were profitable, with over 50% in the red.
Some leading property developers reported staggering losses. Country Garden's net loss in the first half of 2025 was approximately 19.65 billion yuan, with total revenue of 72.57 billion yuan, a year-on-year decrease of 28.9%. Kaisa Group reported a loss of 10 billion yuan in the first half, while Jinke Property Group reported a loss of 7.522 billion yuan.
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