Jianye New Life (09983) once fell by more than 44%, and the intraday low of HK$0.75 hit a record low. As of press release, it decreased by 36.03% to HK$0.87, with a turnover of HK$2,9664,600.
The Zhitong Finance App learned that Jianye New Life (09983) once fell by more than 44%, and the intraday low of HK$0.75 hit a new low. As of press release, it decreased by 36.03% to HK$0.87, with a turnover of HK$2,9664,600.
According to the news, Jianye New Life announced that it is expected that the company will not be able to publish the 2023 annual results on or before March 31, 2024 as required by the listing rules. It is also anticipated that in 2023, an unaudited comprehensive net loss of RMB 500 million to RMB 700 million may be obtained, while the unaudited comprehensive net profit for the same period last year will be RMB 570 million.
The company said that it is expected that the unaudited net loss is mainly due to the liquidity crisis caused by the downturn in the real estate industry and the increase in credit risk associated with trade receivables from real estate developers, so additional impairment provisions are needed. Second, the Group is actively adjusting and reducing the scale of providing value-added services to non-owners' business segments to cope with sluggish sales in the real estate industry.