Xinji Shaxi (03603) issued an announcement. Compared with shareholders obtained for the financial year ended December 31, 2022...
According to the Zhitong Finance App, Xinji Shaxi (03603) issued an announcement. Compared with the net loss attributable to shareholders of about RMB 169 million in the fiscal year ending December 31, 2022, the Group expects the net loss attributable to shareholders to be no less than RMB 75 million but not more than RMB 85 million in 2023.
The board of directors believes that the expected decline in net loss attributable to shareholders in 2023 is mainly due to a decrease in fair value losses on investment properties held by the Group. The reason is that two shopping malls in Shenyang, China were significantly affected by real estate austerity policies in 2022, etc.; however, there were no significant changes in the market in 2023, leading to relatively stable valuations, and the valuation losses confirmed in 2023 were reduced compared to 2022.