Jinhui Holdings (09993) fell by more than 5% after the announcement. As of press release, it was down 5.03% to HK$1.89, with a turnover of HK$2,558,600.
The Zhitong Finance App learned that Jinhui Holdings (09993) fell more than 5% after the announcement. As of press release, it had a decrease of 5.03% to HK$1.89, with a turnover of HK$2,558,600.
According to the news, Jinhui Holdings announced that it is expected to lose about RMB 300 million to RMB 800 million in 2023, and profit of about RMB 1.7 billion in the same period last year. According to the announcement, the expected losses for 2023 are mainly due to adjustments in the real estate industry, resulting in pressure on contract sales prices, a decline in gross settlement margin for real estate development businesses, and depreciation of completed properties and other assets under development and held for sale.