Summary by Moomoo AI
Kaisa Group Holdings Co., Ltd. announced its unaudited interim results for the six months ended June 30, 2024. During the period, the group's revenue was approximately RMB 5,428.6 million, a decrease of about 60% compared to the same period last year. The gross profit was approximately RMB 744.3 million, a decrease of about 75% compared to the same period last year. The group's net loss was approximately RMB 9,115.4 million, with a basic loss per share of RMB 1.299. The board of directors does not recommend the payment of interim dividends. During the period, the group faced liquidity pressure and reached a restructuring support agreement with a group of creditors, representing a significant progress in overseas debt restructuring. The group will continue to implement measures to improve its financial situation.
