Vantone NeoDev Group(SH:600246) Zheng Quan Zhi Xing·2025-06-20 12:07Group 1 - The company held an earnings briefing for the fiscal year 2024 and the first quarter of 2025 on June 20, 2025, via an online platform [1] - The company reported a negative net profit attributable to shareholders for the fiscal year 2024 and will not distribute profits or increase share capital [3] - The company plans to strategically shrink its traditional real estate business and focus on the sale of existing development projects and orderly disposal of investment assets [4] Group 2 - The company is actively pursuing a strategic transformation towards communication and digital technology, establishing a core expert advisory team and a research institute [2] - The company aims to improve its financial management through budget, fund, cost management, and financial risk control [5] - The company acknowledges increased credit risk from project partners and has raised provisions for credit impairment losses and long-term equity investment [3][4]