Recently, some companies have released forecasts for their 2023 results. According to reports, Shimao shares and Zhongnan Construction are expected to lose up to 5 billion yuan, Shoukai shares are expected to lose between 5.8 billion yuan and 6.8 billion yuan, OCT is expected to lose 5.1 billion yuan to 7.2 billion yuan, and Huaxia Fortune is expected to lose 6.1 billion yuan to 9 billion yuan from profit to loss. Similarly, Greenland Holdings has also experienced a large amount of provisions, and the loss is expected to be between 7 billion yuan and 9 billion yuan.
As of February 1, 54 of the 87 A-share real estate companies have released their 2023 performance forecasts, of which only 6** annual net profit growth, while 8 have made a profit but their profitability has declined, and net profit has fallen by more than 50% year-on-year. In addition, the performance of 49 real estate companies declined year-on-year, of which 34 real estate companies are expected to have a net profit loss, with a total pre-loss of about 48.6 billion yuan to 73 billion yuan.
Many real estate companies have made large impairment provisions, and the biggest pressure behind the impairment comes from the market, mainly due to the sluggish sales market. However, at present, the favorable policies are gradually being released, especially the recent further relaxation of property market policies in Guangzhou, Shanghai and other places, which has brought a certain stimulus to the demand side. Although the effect of the policy needs to be further verified, it is generally believed that as the market gradually stabilizes, the profit loss of listed real estate companies will gradually improve.
Affected by the cold winter of the market, Zhongnan Construction, Shoukai Co., Ltd., Overseas Chinese Town, Huaxia Fortune, Gemdale and other enterprises have also issued profit alarm announcements. Among these loss-making enterprises, the proportion of central enterprises and state-owned enterprises has gradually increased. In order to further stimulate the demand side, various localities are still frequently introducing property market stimulus policies recently. Although the long-term effect of the policy still needs to be verified, it is expected that 2024 will usher in the "small spring" of the property market** The market will gradually stabilize.