Summary by Moomoo AI
Kaisa Group Holdings Limited warns that, based on the unaudited management accounts, it is expected to record a loss of approximately 8.8 billion to 9.8 billion RMB in the first half of 2024, further expanding from the 6.6 billion RMB loss in the same period of 2023. The increase in losses is mainly due to a decrease in property delivery volume and an increase in impairment provision for property projects. The company emphasizes that the current performance data has not been audited, confirmed, or reviewed by independent auditors or audit committees. The detailed performance will be announced on August 29, 2024. Shareholders and potential investors should act cautiously and pay attention to the company's performance announcements.