EVER REACH GP (03616) has announced that the board expects to report revenue of approximately RMB 2.4 billion to RMB 2.6 billion for the fiscal year ending December 31, 2025 (FY2025). This represents a decrease of about 5.9% to 13.1% compared to the revenue of approximately RMB 2.8 billion reported for the fiscal year ended December 31, 2024 (FY2024). Furthermore, the board forecasts a net loss after tax estimated to be between RMB 200 million and RMB 260 million for FY2025, compared to a net loss after tax of RMB 264 million in FY2024. The anticipated decrease in revenue for FY2025 is primarily attributed to the continued downturn in China's property market during the year. Despite the introduction of various support measures, market sentiment and homebuyer confidence remain weak, leading to a slower-than-expected recovery in both transaction volume and prices. The expected loss for FY2025 is mainly due to an increase in provisions made for the decline in value of properties held for sale or under development, resulting in a decrease in gross profit margin.