Summary by Moomoo AI
Sunac Services Holdings Limited (Sunac Services) issued a profit warning on August 19, 2024, indicating that the unaudited financial data for the six months ended June 30, 2024 show that the company's share of losses will not exceed RMB 0.5 billion. The loss is mainly due to an increase in impairment losses on receivables from related parties. However, if excluding the impairment losses and other non-core business factors, the company expects its core net profit for the same period to be no less than that of last year. Shareholders and potential investors should note that these preliminary data have not been reviewed by auditors or audit committees, and the final figures may be adjusted. The company will release detailed interim performance on August 26, 2024.