On July 11th, Gelunhui reported that ST Dimma (600565.SH) estimated that the net income attributable to shareholders of the listed company in the first half of 2024 will be -0.8 billion yuan to -1 billion yuan, according to preliminary calculations by the financial department. The estimated deducted non-recurring profits and losses of net profit attributable to shareholders of listed companies in the first half of 2024 is expected to be -0.53 billion yuan to -0.73 billion yuan.
(1) The reduction of the amount of corresponding interest capitalization projects due to the gradual completion of the company's existing real estate development projects, resulting in an increase in the capitalized interest expenses of related interest-bearing liabilities. (2) In order to stabilize the liquidity of funds and alleviate the difficulties and pressures caused by sales decline and reduced receivables, the company has attempted to coordinate the payment rhythm of some expenses, resulting in a corresponding increase in penalty for delayed payments. (3) Part of the company's developed residential and commercial projects have lower sales prices than expected. According to accounting standards, based on objective changes in the situation, a cautious judgment is made to adjust some accounting estimates and a provision is made for inventory impairment based on the evaluation of expected sales prices.