Bright Real Estate(SH:600708)2025-01-17 10:10Financial Performance Forecast - The company expects a net profit attributable to shareholders of approximately -1,030 million to -900 million yuan for the year 2024, indicating a loss compared to the previous year[3]. - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is approximately -2,490 million to -2,070 million yuan, a decrease of 164,156.92 million to 206,156.92 million yuan compared to the previous year, representing a year-on-year decline of 383% to 481%[3]. - The net profit attributable to shareholders for the same period last year was 33.84 million yuan, while the net profit after deducting non-recurring gains and losses was -428.43 million yuan[5]. Reasons for Performance Decline - The decline in performance is primarily due to a decrease in the scale and profit of the company's real estate development business amid significant changes in market supply and demand, industry adjustments, and intensified competition[7]. Strategic Adjustments - The company is adjusting its operational and sales strategies dynamically based on market conditions, increasing marketing efforts to improve cash flow, and accelerating its return to Shanghai to ensure overall balance in financing[7]. - The company has identified impairment indicators for some real estate projects and has conducted preliminary impairment testing on inventories, estimating asset impairment losses based on prudence principles[7]. Audit and Reporting - The performance forecast is a preliminary estimate and has not yet been audited by the annual audit accountant, with no significant uncertainties affecting the accuracy of the forecast[8]. - The data provided in the forecast is preliminary and the specific accurate financial data will be disclosed in the audited 2024 annual report[9].