**Jindal Group Reports a 52.41% Drop in Revenue and $13.281 Billion Loss in 2025**
Jindal Group, a Chinese real estate developer, released its annual report on April 4, revealing a significant decline in its financial performance. The company’s operating income decreased by 52.41% compared to the previous year, with a net loss of 13.281 billion yuan. This downturn in revenue and profit comes amidst a persistently sluggish market environment in the real estate industry, prompting the company to lay off 11,352 employees over the past four years.
The company’s 2025 annual report disclosed that during the reporting period, Jindal Group generated an operating income of 35.858 billion yuan, marking a sharp decline of 52.41%. Specifically, revenue from real estate transactions amounted to 23.89 billion yuan, down by 60.20%.
Furthermore, the net profit attributable to the company’s shareholders was a loss of 13.281 billion yuan, compared to a 6.1 billion yuan loss during the same period in 2024. The net cash flow from operating activities plummeted by 99.88% year-on-year, and the company experienced a loss in profit for all four quarters of 2025.
The report attributed the losses to factors such as a decrease in sales volume leading to a decline in operating income, as well as a drop in the gross profit margin of the real estate business to 7.93%. Additionally, provisions for significant inventory markdowns and credit losses contributed to the negative net profit.
Jindal Group is a comprehensive publicly traded company primarily engaged in real estate development and various related businesses. Established on January 20, 1988, with its headquarters in Shenzhen, Guangdong Province, the company’s operations include real estate development, commercial real estate, industrial park development and operation, real estate finance, and smart services. Jindal Group was ranked among the Top 500 Chinese Brands in August 2022 and the Top 500 Shenzhen Enterprises in September 2024.
Despite being a former Top 500 company, Jindal Group finds itself in dire straits amid the ongoing downturn in the Chinese real estate industry, struggling with continued losses and staff cuts to stay afloat.
According to a report by “Real Estate Whale Fall” under Sina Finance on April 4, Jindal Group’s annual reports from 2021 to 2025 revealed a significant reduction in the company’s workforce. The employee count decreased from 47,985 at the end of 2021 to 36,633 at the end of 2025, indicating a reduction of 11,352 employees over the four-year period, equivalent to a 23.66% overall reduction. The scale of layoffs aligns with the company’s 52.41% decline in operating income and a net loss of 13.281 billion yuan in net profit.
Jindal Group is not alone in facing workforce reductions, as the number of employees in Chinese real estate development companies has also decreased. The number of employees in the industry decreased from 2.937 million in 2019 to 1.507 million in 2025, with a total reduction of 1.43 million employees, representing a significant 48.69% decrease. In 2025, over 80% of real estate companies reduced their workforce, including the property developer Country Garden, which cut over 110,000 employees, accounting for more than 86% of its staff. E-House Group had a workforce reduction rate of 93.48%, and S-Link’s reduction rate reached 75.6%.
“Real Estate Whale Fall” believes that Jindal Group’s layoff of over 11,000 employees is a comprehensive self-rescue effort undertaken to navigate the industry’s transition, as well as to address its massive losses and cash flow challenges. This massive downsizing represents a necessary measure for survival in the harsh winter of the real estate sector.