BUCID(SH:600266) Zheng Quan Shi Bao Wang·2025-01-17 07:52Core Viewpoint - The company, Chengjian Development (600266), anticipates a significant net loss for the fiscal year 2024, projecting a loss between 697 million to 998 million yuan, contrasting with a profit of 559 million yuan in the previous year [1] Group 1: Financial Performance - The expected net loss for 2024 is between 697 million to 998 million yuan, compared to a profit of 559 million yuan in the same period last year [1] - The company attributes the anticipated losses to the overall impact of the real estate market on its operations [1] Group 2: Investment Losses - The company's equity method accounting will reflect significant investment losses due to the poor performance of its associate, Beijing Science and Technology Park Construction (Group) Co., Ltd. [1] - The company plans to recognize investment losses based on its ownership percentage in the associate [1] Group 3: Inventory Valuation - There are indications that some development projects in non-first-tier cities have a realizable net value below their costs [1] - The company has preliminarily determined the realizable net value of these projects and expects to make provisions for inventory impairment for the portion that is below cost during the reporting period [1]