Summary by Moomoo AI
Midea Real Estate Holdings has issued a profit warning, expecting that the company's attributable core net loss for the fiscal year 2024 will be between RMB 1.95 billion and RMB 2.05 billion, a significant decline compared to the net profit of RMB 2.125 billion and a core net profit of RMB 1.03 billion in 2023. This change is mainly due to the group's expectation of property impairment arising from the physical distribution during the reporting period, resulting in the company’s attributable core net loss ranging from RMB 2.4 billion to RMB 2.6 billion.After completing the physical distribution on October 22, 2024, the retained businesses of the group (including property management services, commercial properties, and asset operation of industrial parks, Real Estate Technology, and construction project management...Show More
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