---
title: "HY PROPERTY issued a profit warning, expecting a net loss of approximately 1.05 billion to 1.45 billion yuan for the fiscal year 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225309961.md"
description: "HY PROPERTY expects a net loss of approximately RMB 1.05 billion to 1.45 billion for the year 2024, due to adjustments in the real estate market and policy easing. The company will dynamically adjust its operational and sales strategies to ensure stable cash flow, and it is anticipated that overall operating revenue will decrease significantly, with low gross profit levels, signs of impairment in some projects, and increased interest expenses"
datetime: "2025-01-17T07:54:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225309961.md)
  - [en](https://longbridge.com/en/news/225309961.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225309961.md)
---

# HY PROPERTY issued a profit warning, expecting a net loss of approximately 1.05 billion to 1.45 billion yuan for the fiscal year 2024

According to the Zhitong Finance APP, HY PROPERTY (600743.SH) has released a profit warning for its 2024 annual performance, expecting a net loss attributable to the parent company of approximately RMB 1.05 billion to RMB 1.45 billion.

The overall real estate market in 2024 is still showing an adjustment trend, with the policy's main tone continuing to lean towards easing. Market confidence has been somewhat boosted, but the recovery of the real estate market still faces many challenges and may still be in a bottoming phase. To ensure stable and secure cash flow and timely high-quality project delivery, the company dynamically adjusts the operational and sales strategies of each project based on market conditions. Additionally, affected by project delivery cycles, the company's overall operating revenue in 2024 is expected to decrease significantly compared to the previous year, with the gross profit level of profitable projects remaining low. Other factors include signs of impairment in certain projects and an increase in interest capitalization for some projects

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