Leju Finance Xu DiOn January 29, Vantone Development (600246SH) announced that it expects to achieve a net profit attributable to shareholders of listed companies in 2023 of -4900 million to -3600 million yuan, compared with the same period last year, there will be a loss.
It is expected that the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses in 2023 will be -400 million yuan to -2700 million yuan.
As for the reasons for the pre-loss, Vantone Development said that in 2023, the company will firmly implement the established strategic transformation goals of communication and digital technology, strategically shrink the traditional real estate business, and consolidate and clear the existing assets. During the reporting period, affected by factors such as the macroeconomic environment and industry policies, the real estate market as a whole did not show a significant improvement, the confidence of home buyers has not fully recovered, and the contract amount of real estate sales business has increased slightly compared with the previous year, but the company's operating performance has not yet been able to turn losses into profits. In order to speed up sales and cash withdrawal, the company adjusted the selling prices of some projects according to the regional market environment in which each project is located.
Affected by the overall real estate market mentioned above, the recovery of some of the company's receivables did not meet expectations, and the corresponding credit impairment provision was made in accordance with the requirements of accounting standards. At the same time, affected by the fluctuation of the financial market, the fair value of some of the financial assets invested by the company has declined, which is also one of the reasons for the company's performance loss.
In 2022, Vantone Development's net profit attributable to shareholders of listed companies will be about -3$2.3 billion; EPS -01706 yuan.
Related company: Vantone Development SH600246