Phoenix Co., Ltd. announced that it expects a net loss of 262 million yuan to 327 million yuan attributable to owners of the parent company for the first half year of 2026. 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.

Phoenix Co., Ltd. announced that it expects a net loss of 262 million yuan to 327 million yuan attributable to owners of the parent company for the first half year of 2026. 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.