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Yincheng Life Service Expects to Swing to Loss in H1
ruisen life ser (01922.HK) issued a profit warning: it is expected to incur a midterm loss of not less than 90 million yuan.
Ruisen Life Ser (01922.HK) announced on November 4 that the company expects to record an unaudited loss of not less than RMB 90 million for the six months ending June 30, 2024, with a profit of approximately RMB 63.8 million for the six months ending June 30, 2023. The shift from profit to loss is mainly due to an expected increase in impairment provisions for receivables from related parties. These related parties are mainly real estate developers facing financial difficulties in the challenging market conditions of the real estate industry.
ruisen life ser (01922) issued a profit warning, expecting a midterm loss of not less than 90 million yuan, a year-on-year transition from profit to loss.
ruisen life ser (01922) announced that the group expects a concise overview of the six months ending on June 30, 2024...
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.
The new real estate policy is about to be a month old! Peking's second-hand housing transactions hit a new high, while Shenzhen's new home sales exceeded 0.01 million units.
Nearly a month after the comprehensive new real estate policies introduced at the end of September, the policy effects are clearly evident.
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