---
title: "BUCID expects a net loss of 697 million to 998 million yuan in 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225309395.md"
description: "BUCID expects a net loss of between 697 million yuan and 998 million yuan in 2024, with a net profit after deducting non-recurring gains and losses expected to be between -1.249 billion yuan and -1.794 billion yuan. The implementation of new financial instrument standards and the overall impact of the real estate market have significantly reduced the investment income of the company's affiliated enterprises, affecting the company's operating results"
datetime: "2025-01-17T07:49:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225309395.md)
  - [en](https://longbridge.com/en/news/225309395.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225309395.md)
generator: "portal-rs"
---

# BUCID expects a net loss of 697 million to 998 million yuan in 2024

According to the Zhitong Finance APP, BUCID (600266.SH) announced that the company expects to achieve a net profit attributable to the owners of the parent company of between -697.06 million yuan and -998.32 million yuan for the year 2024; it is expected that the net profit attributable to the owners of the parent company, after deducting non-recurring gains and losses, will be between -1,248.73 million yuan and -1,793.61 million yuan for the year 2024.

The company and its equity investees began implementing the new financial instruments standards on January 1, 2019, measuring trading financial assets at fair value with changes included in current profit and loss. During the reporting period, the share price of trading financial assets held by the company's equity investees declined, resulting in significant negative investment income for the company, which affected the company's operating results during the reporting period. Affected by the overall real estate market, the company's equity investee Beijing Science and Technology Park Construction (Group) Co., Ltd. is expected to incur significant losses during the performance forecast period, and the company will recognize investment losses according to its equity proportion using the equity method

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**