# Huang Hongyun

Financial Alchemy: Jinke Property Sheds a $20 Billion Burden to Rebuild on the Ruins of China’s Housing Boom

Jinke Property Group has achieved a technical turnaround in its 2025 financial results, reporting a massive net profit solely through debt restructuring gains while its core business continues to shrink. The company has successfully navigated a landmark judicial reorganization to shed 147 billion RMB in liabilities, marking the exit of its founder and a pivot toward asset-light management in a stagnant market.