Chinese Property Developers Signal Barrels of Red Ink for 2022

What’s new: Chinese property developers expect to report barrels of red ink for 2022 as sales declined and the value of their unsold homes fell.

As of Feb. 21, 66 of 119 publicly traded Chinese real estate companies issued 2022 earnings estimates, and 38 said they expect to report a net loss, data from Wind Information Co. showed.

The estimated combined loss for the 66 developers topped 100 billion yuan ($14.55 billion) for 2022, and 36 of the enterprises said they will probably record impairment of assets.