SRE GROUP released its 2023 annual performance, with a shareholder's net loss of 1.618 billion yuan, a year-on-year increase of 504.27%
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SRE GROUP released its 2023 annual performance, with a net loss attributable to shareholders of 1.618 billion yuan, a year-on-year increase of 504.27%. The group's revenue was 599 million yuan, a year-on-year increase of 116.95%. The increase in losses was mainly due to the default of the syndicated loan for the Shanghai Daxing Street project and the provision for impairment of related receivables and financial assets. In addition, the downturn in the domestic real estate market and macroeconomic environment also led to the recognition of impairment provisions
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