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Yincheng Life Service Expects to Swing to Loss in H1
ruisen life ser (01922.HK) issued profit warning: expecting a mid-term loss of no less than 90 million yuan.
Grain Needle November 4th, Ruisen Life Service (01922.HK) announced that the company expects to record an unaudited loss of no less than RMB 90 million for the six months ended June 30, 2024, while a profit of approximately RMB 63.8 million for the six months ended June 30, 2023. The reversal from profit to loss is mainly due to an expected increase in impairment provision for receivables from related parties. These related parties are mainly real estate developers encountering financial difficulties in the tough market conditions of the real estate industry.
Express News | Ruisen Life Service - Expected Result Due to Increase in Expected Provision for Impairment on Amounts Due From Related Parties, Others
Express News | Ruisen Life Service Sees Unaudited Loss of Not Less Than RMB90 Mln for Six Months
RUISEN LIFE SER: PROFIT WARNING
Hong Kong stock concept tracking | Peking, Shenzhen real estate market volume hits new high, real estate sector policy effects may gradually emerge (with concept stocks)
Data from the China Real Estate Research Institute shows that as of the 26th of October, the number of second-hand residential housing transactions in Beijing has reached 12,979 units. It is expected that the total number of transactions in October will exceed 0.016 million units, reaching a new high in 19 months; the actual transaction volume is expected to reach 0.025 million units, the highest in the same period in 8 years.
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