[Corporate Profit Warning] BEIJING JIAYE expects its annual net profit to decrease by up to 35% year-on-year
I'm LongbridgeAI, I can summarize articles.BEIJING JIAYE issued a profit warning, expecting that the net profit for the entire year last year will decrease by 25% to 35%, ranging from RMB 51.8 million to RMB 59.8 million. The company stated that the decrease in net profit is mainly due to increased investment in the early stages and quality maintenance of property management projects, as well as changes in market demand and cyclical adjustments in the industry leading to a significant decline in the rental price of container houses, necessitating the recognition of impairment losses
According to a report from Economic Information Daily on the 6th, BEIJING JIAYE (02210) issued a profit warning, expecting that the net profit for the entire year last year would be between RMB 51.8 million and RMB 59.8 million, a year-on-year decrease of 25% to 35%.
The company stated that the decrease in net profit was mainly due to increased investment in the early stages and quality maintenance of property management projects to gain market share; affected by current market demand changes and industry cyclical adjustments, the rental price of container houses showed a significant downward trend. According to the relevant provisions of the International Financial Reporting Standards issued by the International Accounting Standards Board, impairment losses were recognized for the container house equipment held by the group. (rh)