Qixia Construction's revenue reached 4.931 billion yuan in 2025, increasing by 132.85% year-on-year, while the net loss attributable to shareholders expanded more than twofold to 1.845 billion yuan.

In 2025, the company's revenue reached 4.931 billion yuan, a year-on-year increase of 132.85%. However, the net loss attributable to shareholders widened to -1.845 billion yuan, primarily due to a cliff-like decline in real estate gross profit margin, a large inventory impairment provision of 2.168 billion yuan, and an abnormal surge in sales expenses. Revenue was highly concentrated in Nanjing real estate projects (accounting for 81.83%), with a single core business, regional concentration, stagnant R&D, and continuously deteriorating profitability.

lanjinger.comApr 30 16:55

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