Longfor expects major profit decline due to sluggish property market 

8th March 2025 – (Hong Kong) Chinese developer Longfor Group (0960) anticipates a core net profit decline of 35 to 40 per cent for the past year, falling from 11.35 billion yuan (HK$12.2 billion) in 2023, as the company grapples with a sluggish market. 

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