Greenland Hong Kong (00337) announced that the Group expects the year ended December 31, 2023 (2023...
According to Zhitong Finance App, Greenland Hong Kong (00337) issued an announcement. It is expected that the Group will obtain losses attributable to company owners of about RMB 1.6 billion to RMB 1.9 billion for the year ended December 31, 2023 (fiscal year 2023), while profit attributable to company owners is approximately RMB 481 million for the year ended December 31, 2022.
According to the announcement, the decline was mainly due to a further downward trend in the property market in fiscal year 2023, which led to the real estate business confirming lower gross profit margins and losses in fair value of investment properties.