Orient Group Incorporation (600811.SH) released a profit warning, anticipating a net loss of 800 million to 1.2 billion yuan for the 2024 fiscal year.

Orient Group Incorporation (600811.SH) announced that the company is expected to achieve a net loss of 800 million to 1.2 billion for the year 2024 attributable to the shareholders of the listed company, and is expected to incur a loss. The company's year-on-year loss has decreased, mainly due to a significant reduction in losses in the real estate business. The main business of rice processing and sales, as well as soy product processing and sales, has shown a slight improvement in profit compared to last year.