Bright Real Estate issues a profit warning, expecting a net loss of 900 million to 1.03 billion yuan for the fiscal year 2024
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Bright Real Estate expects a net loss of 900 million to 1.03 billion yuan for the year 2024, mainly due to the decline in the scale and profit of its real estate development business. In the context of intensified market competition and industry adjustments, the company dynamically adjusts its operational strategies, promotes marketing destocking, accelerates capital recovery, and ensures a balance in investment and financing
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