According to Zhitong Finance App News, Phoenix Co., Ltd. (600716.SH) issued a pre-loss announcement for the 2026 semi-annual results. The company expects to lose money for the 2026 semi-year, achieving net profit attributable to the owner of the parent company - 327 million yuan to -262 million yuan, and net profit attributable to the owner of the parent company after deducting non-recurring profit and loss - 328 million yuan to -262 million yuan.

Affected by the real estate market in the first half of 2026, the sales price of the projects being sold fell and the gross margin declined; affected by the real estate market situation, the company continued to prepare for asset impairment for some projects based on the market environment and product structure of the region where each project is located, on the basis of the impairment already calculated in the previous period.

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