HBFX fell over 6%, with an annual pre-loss exceeding 1.946 billion yuan, turning from profit to loss year-on-year

HBFX fell over 6% to HKD 2.2, with a trading volume increasing to HKD 115 million and a total market value of HKD 3.5 billion. According to the news, the company expects a net loss attributable to shareholders of the listed company of HKD 1.946 billion to HKD 2.475 billion, compared to a profit of HKD 68.3328 million in the same period last year, turning from profit to loss year-on-year. This is mainly due to the company's increased market price promotions for commercial complexes, office buildings, parking spaces, and other products during the reporting period to quickly recover funds, resulting in fluctuations in the net realizable value of related inventories and the fair value of investment properties. It is expected to recognize fair value change losses and impairment provisions of approximately HKD 2.08 billion to HKD 2.445 billion