Summary by Moomoo AI
FOSUN TOURISM Group has issued a profit warning, anticipating that the net profit attributable to shareholders for the year ending December 31, 2024, will shift from profit to loss, expected to be between a net loss of 50 million RMB to a net profit of 10 million RMB. In comparison, the audited net profit for the year 2023 was 0.3072 billion RMB. The Board of Directors stated that the deterioration in performance is primarily due to the sluggish Real Estate market in China, leading to a decline in property sales in 2024.The company emphasizes that this profit forecast data is solely based on the Board's preliminary review of unaudited consolidated management accounts, and final data may be subject to adjustments. Since the profit forecast is...Show More