SZPRD: Expected net loss of 1.03 billion to 1.2 billion yuan in 2024, turning profit into loss

According to Jinshi Data on January 22, Shen Property A announced that it expects a net loss of 1.03 billion to 1.2 billion yuan in 2024, turning from profit to loss. The main reasons for the company's performance changes during the reporting period are as follows: the revenue recognition amount and gross profit margin of the company's real estate business decreased during the reporting period; at the end of the reporting period, there were signs of impairment in the company's real estate development projects. Based on the principle of prudence, the company hired an asset appraisal agency for preliminary assessments and impairment testing of the projects, and made provisions for asset impairment in accordance with relevant accounting standards