According to the Zhitong Finance App, Zhongliang Holdings (02772) issued an announcement. Compared with the loss attributable to owners of approximately RMB 1.3 billion for the year ended December 31, 2022, it is currently estimated that the Group may obtain losses attributable to owners of approximately RMB 4 billion to RMB 4.6 billion for the year ended December 31, 2023.
According to the announcement, the expected losses for 2023 are mainly affected by the domestic macro market environment and the continued decline in the real estate industry, leading to a decline in gross margin and further depreciation of property projects and other assets.