Summary by Moomoo AI
On August 20, 2024, Sunac issued a profit warning, predicting a loss of approximately RMB 15 billion for the six months ending June 30, 2024. The loss decreased compared to approximately RMB 15.37 billion in the same period of 2023. The company pointed out that the loss was mainly due to the significant decrease in realized revenue caused by the market downturn and the provision for potential liabilities. The board of directors emphasized that this is a preliminary review based on unaudited management accounts and currently available information, and actual performance may differ from the predicted data. The company will release a detailed performance report by the end of August 2024 or earlier, and remind investors to be cautious when trading securities.
