CREC(SZ:000736)2024-07-05 11:51Financial Performance - The estimated net profit attributable to shareholders for the first half of 2024 is approximately -100 million yuan, compared to a loss of 56.85 million yuan in the same period last year, indicating a significant decline [3]. - The net profit after deducting non-recurring gains and losses is expected to be around -102 million yuan, compared to a loss of 58.72 million yuan in the previous year [3]. - The basic earnings per share is projected to be approximately -1.34 yuan per share, compared to a loss of 0.82 yuan per share in the same period last year [3]. Factors Affecting Performance - The decline in net profit is primarily due to a noticeable decrease in gross margin from real estate development projects delivered during the period, influenced by changes in project structure [9]. - Increased financial expenses are attributed to a rise in capitalized interest as more real estate projects were completed, leading to higher costs compared to the previous year [9]. Forecast and Communication - The performance forecast is based on preliminary calculations and may differ from the final data disclosed in the 2024 semi-annual report [9]. - The company has communicated with its auditing firm regarding the performance forecast [8]. - The performance forecast period is from January 1, 2024, to June 30, 2024 [8]. Investor Awareness - The company emphasizes the importance of cautious decision-making and awareness of investment risks for investors [5]. - The company guarantees the accuracy and completeness of the information disclosed in the announcement [7].