Golden Bridge(SH:600639)2024-07-09 07:33Financial Performance - The company expects a net profit attributable to shareholders of the parent company for the first half of 2024 to be between 312.98 million and 403.76 million CNY, representing a decrease of 1.199 billion to 1.108 billion CNY compared to the same period last year, a year-on-year decline of 79.30% to 73.30%[1][4] - The net profit after deducting non-recurring gains and losses is projected to be between 310.44 million and 401.22 million CNY, with a decrease of 1.19268 billion to 1.10190 billion CNY year-on-year, reflecting a decline of 79.35% to 73.31%[4][9] - The total profit for the previous period was 2.011018 billion CNY, with a net profit attributable to shareholders of the parent company of 1.5120687 billion CNY, and a net profit after deducting non-recurring gains and losses of 1.5031225 billion CNY[5] Revenue Recognition - The company did not have any real estate project revenue recognized in the current period, leading to a significant decrease in sales revenue compared to the previous year, where the previous period recognized sales revenue of 3.772 billion CNY from the Biyun Zun Di project[12] Project Updates - The company’s project, Liyue Huating, is set to open for pre-sale in two batches, with the first batch of 449 units expected to launch in November 2023 and the second batch of 394 units in May 2024[12] - As of the end of June 2024, the sales rate for the Liyue Huating project was 56.35%, with total collections amounting to 2.630 billion CNY, including deposits and VAT[12]