Summary by Moomoo AI
CHINA JINMAO HOLDINGS GROUP LIMITED (“CHINA JINMAO”) ISSUED A PROFIT WARNING, ANNOUNCING A LOSS OF ABOUT RMB67 BILLION IN 2023, SHOWING A SHARP DROP IN RESULTS COMPARED TO AROUND RMB 19.8 BILLION IN 2022. The loss was mainly due to the decline in the real estate market, resulting in property depreciation, a decline in development project revenue and gross interest rates, and a significant decrease in disposable income. China's Jin Mao pointed out that these data are from a preliminary unaudited management account assessment and audited annual results will be released by the end of March 2024. Shareholders and potential investors should treat the relevant share transactions with caution.