Summary by Moomoo AI
Midea Real Estate Holding Company Limited has issued a profit warning, estimating a loss attributable to the owners of the company for the 2024 fiscal year will be between RMB 1.985 billion and RMB 2.085 billion, while the core net loss is projected to be between RMB 1.95 billion and RMB 2.05 billion. Compared to the profit attributable to the owners of the company for the 2023 fiscal year of RMB 0.914 billion and core net profit of RMB 1.03 billion, this represents a significant decrease in performance. The loss primarily stems from property impairment due to physical distribution, which is expected to result in a core net loss attributable to the owners of approximately RMB 2.4 billion to RMB 2.6 billion. After completing the physical distribution, the group's...Show More
Comment(0)
Reason For Report