2024-07-09 12:02Financial Performance - The company expects a net loss of between 700,000 million yuan and 900,000 million yuan for the first half of 2024, representing a decline of 171% to 191% compared to the same period last year, which had a profit of 987,047.2 million yuan [2]. - The expected loss after deducting non-recurring gains and losses is between 500,000 million yuan and 650,000 million yuan, a decrease of 157% to 175% from last year's profit of 870,270.0 million yuan [2]. Sales and Deliverables - The company achieved a sales amount of 127.33 billion yuan during the reporting period, maintaining its position in the industry’s top tier [3]. - The company delivered 74,000 high-quality housing units, fully completing its planned targets [3]. - The company issued a commercial infrastructure REIT with a scale of 3.26 billion yuan during the reporting period [3]. Profitability Challenges - The decline in profitability is attributed to significant decreases in settlement scale and gross margin from real estate development projects, primarily due to high land acquisition costs and a downward market [4]. - The company has recognized impairments on certain projects and incurred losses from non-core financial investments [4]. Strategic Focus - The company is focusing on cash flow safety and has implemented a comprehensive plan for business restructuring and risk mitigation [4]. - The company aims to return to a healthy and sustainable development path by concentrating on its main business areas [4]. - The performance forecast is based on preliminary internal estimates and will be finalized in the official 2024 semi-annual report [5].