SZPRD issued a pre-loss announcement, expecting a net loss of 1.03 billion to 1.2 billion yuan for the year 2024, turning from profit to loss year-on-year
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SZPRD released its 2024 annual performance forecast, expecting a net loss of 1.03 billion to 1.2 billion yuan, turning from profit to loss year-on-year. The reasons for the performance change include a decrease in the revenue recognition amount and gross profit margin of the real estate business, as well as indications of impairment in real estate development projects. An asset appraisal agency has been hired to conduct impairment testing and to make provisions for asset impairment
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