Gree Real Estate expects to reduce losses by more than 58 The restructuring has attracted the attent

Mondo Finance Updated on 2024-02-01

A few days ago, Gree Real Estate (600185) announced that according to the preliminary calculation of the financial department, the company expects the net profit attributable to the parent company in 2023 to be about a loss of 65.9 billion yuan to 84.9 billion yuan, compared with the same period last year, is expected to reduce the loss by about 120.8 billion to 139.8 billion yuan, a year-on-year decrease of 5873% to 6796%。

Gree Real Estate said that the main reasons for the loss reduction are: during the reporting period, the impairment of the company's inventory and other assets decreased year-on-year, and the decline in the fair value of investment real estate narrowed year-on-year; At the same time, the company's management strengthened operation and management, continued to promote various measures to reduce costs and increase efficiency, and the operating loss decreased year-on-year.

The narrowing of Gree Real Estate's losses may be beneficial to the injured investors to sue for claims. Liu Peng, a lawyer at Shanghai Huzi Law Firm, said that at present, it is judged that the damaged investors who **Gree Real Estate** from April 30, 2019 to July 13, 2023, and still hold the ** on July 13, 2023**, may be able to claim compensation from the company. Injured investors who meet the above conditions can register through the official account "Dazhong ** Bao" (feature code: 11), and the specific time period is subject to the court's determination.

The case of the investor v. Gree Real Estate** for the liability for false statements originated on September 28, 2023, and the Guangdong Securities Regulatory Bureau issued an Administrative Penalty Decision to Gree Real Estate. It has been found that Gree Real Estate has accumulated an understatement of inventory impairment from 2018 to 2021, resulting in an overstatement of net profit of 6$2.6 billion. As a result of the above-mentioned matters, there were misstatements in the 2018 annual report, 2019 annual report, 2020 annual report, 2021 annual report, 2022 annual report, "21 grid 02", "22 grid 02" and "23 grid 01" bond issuance announcements, prospectuses and other documents, as well as the 2018 annual report, 2019 annual report and 2020 annual report of the interbank bond market.

Matters related to the restructuring of Gree Real Estate were also affected by the company's previous investigation of violations of information disclosure. With the conclusion of the trial of the case, investors have repeatedly asked questions about the "application for restructuring" on the interactive platform, and the company has repeatedly stated that "the company and intermediaries are actively promoting the relevant work of applying for the resumption of restructuring review".

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