CHIXIA DEVELOPMENT(SH:600533)2024-07-09 09:07Financial Performance Expectations - The company expects a net profit attributable to shareholders for the first half of 2024 to be approximately -160 million to -120 million CNY, indicating a loss compared to the same period last year [4]. - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be around -154 million to -112 million CNY [5]. - In the same period last year, the net profit attributable to shareholders was 27.45 million CNY, and the net profit after deducting non-recurring gains and losses was 31.97 million CNY [6]. Reasons for Expected Loss - The decrease in revenue from projects recognized during the reporting period compared to the same period last year is a primary reason for the expected loss [7]. - The company anticipates asset impairment losses of 46 million to 42 million CNY due to the net realizable value of certain projects being lower than their costs [8]. - The expected loss from the company's holdings in Palm Eco-Town Development Co., Ltd. is projected to impact the half-year net profit by -36 million to -29.2 million CNY [8]. Forecast Accuracy and Reporting - The company has not identified any significant uncertainties that could affect the accuracy of this earnings forecast [9]. - The data provided is preliminary and subject to change, with the final financial figures to be disclosed in the official half-year report [10].