China's property companies earned a combined revenue of 772 billion yuan, or 120 billion US dollars, in 2015. That's according to the 92 A-share-listed property firms that so far have released their annual earnings reports for 2015. 

The companies took in a combined profit of 92 billion yuan last year, a 17 percent rise from 2014. The numbers came in on the back of a rebound in China's property market last year that was due to loosened property curbs. However, the strong performances were not extended to this year. 

So far, many property companies say they expect to see losses in this year's first quarter. Among the 44 firms that have released preliminary earnings reports for this year, only 10 expect a profit rise in Q1, with 7 expecting profit turn-around, and the rest expecting profit decreases or losses.