Gelonghui July 10 | Chongqing Development (000514.SZ) announced the 2024 semi-annual results forecast. The net profit loss attributable to shareholders of listed companies during the reporting period was 20 million yuan to 39 million yuan, a loss of 4.58 million yuan for the same period last year; net profit loss after deducting non-recurring profit and loss of 37 million yuan to 70 million yuan, loss of 6.47 million yuan for the same period last year; basic earnings loss per share was 0.0237 yuan/share — 0.0462 yuan/share.
The main reasons for the change in performance are: 1. The gross margin of real estate development projects has declined significantly. During the reporting period, settlement profits from the real estate development business mainly corresponded to existing housing sales. The market continued to be sluggish, and sales prices declined, leading to a decrease in total gross profit and gross margin during the reporting period; 2. The company accrued impairment on some projects; 3. The stock price of Chongqing Agricultural Commercial Bank rose compared to the beginning of the year, and profit and loss increased due to changes in the fair value of transactional financial assets.