PB HOLDINGS issued a profit warning, expecting a net loss of 170 million to 250 million yuan for the year 2024, turning from profit to loss year-on-year
PB HOLDINGS expects a net loss of 170 million to 250 million yuan for the year 2024, turning from profit to loss year-on-year. Due to difficulties in realizing the seedling assets of Suzhou Fengcai Ecological Technology Group Co., Ltd., in which it holds shares, the company has reassessed the fair value of its equity investment in the company, resulting in an increase in fair value change losses. The specific amount of the change will be determined after auditing and board review
According to the Zhitong Finance APP, PB HOLDINGS (002663.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of between 170 million yuan and 250 million yuan, a year-on-year turnaround from profit to loss.
During the reporting period, due to difficulties in realizing the seedling assets of the invested Suzhou Fengcai Ecological Technology Group Co., Ltd. and a decrease in debt repayment ability, the company, based on the principle of prudence, re-evaluated the fair value of its equity investment in the company, resulting in an increase in fair value change losses. The specific amount of change still needs to be audited by an accounting firm and confirmed after being reviewed by the board of directors
