Peking University Resources issues a profit warning, expecting annual losses to increase to approximately 2.4 billion - 2.6 billion yuan
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Peking University Resources expects its annual loss for the year ending March 31, 2025, to increase to approximately RMB 2.4 billion to 2.6 billion, a significant increase from the RMB 750 million loss in the 2024 fiscal year. The reasons for the loss include a decline in property sale prices, an increase in expected liabilities due to guarantees provided for the sale of subsidiaries, and impairment of properties held for sale due to a downturn in the property market
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