Huawen Group fell 8% during the session, with an annual pre-loss of 750 million to 550 million

Huawen Group is currently down over 6%, having once dropped to 8% during the session, now reported at HKD 2.46, with a total market value falling below HKD 5 billion. According to the news, the company expects to reduce losses from January to December 2024, with a net profit attributable to shareholders of the listed company estimated to be between -750 million and -550 million yuan. The impact on net profit from the provision for receivables impairment, incurred loan interest, and the decrease in equity method accounting for long-term equity investments is approximately 300 million to 360 million yuan