R&F Real Estate announced that it is expected to record a net loss of 5 billion yuan to 5.5 billion yuan in the six months ending June 30, 2026. The loss amount accounts for 83.91% to 92.30% of net assets of 5.959 billion yuan at the end of 2025. The loss is mainly due to the decline in gross profit from property development due to the downturn in the real estate industry. In addition, the company's 20 R&F Real Estate PP001 targeted debt financing instrument failed to pay principal and interest in full and on time, and the bond balance was 9945.7 million yuan. The first instance in the related dispute ruled that the company was required to settle 385 million yuan in principal and interest of 24.22,900 yuan from the Bank of Jiujiang, and pay corresponding penalties.

R&F Real Estate announced that it is expected to record a net loss of 5 billion yuan to 5.5 billion yuan in the six months ending June 30, 2026. The loss amount accounts for 83.91% to 92.30% of net assets of 5.959 billion yuan at the end of 2025. The loss is mainly due to the decline in gross profit from property development due to the downturn in the real estate industry. In addition, the company's 20 R&F Real Estate PP001 targeted debt financing instrument failed to pay principal and interest in full and on time, and the bond balance was 9945.7 million yuan. The first instance in the related dispute ruled that the company was required to settle 385 million yuan in principal and interest of 24.22,900 yuan from the Bank of Jiujiang, and pay corresponding penalties.