Shenzhen Zhenye (Group) (000006.SZ) forecasts a pre-tax loss, with an estimated net loss of 1.3 billion to 1.65 billion yuan in 2024.

Shenzhen Zhenye (Group) (000006.SZ) released its performance forecast for the year 2024, expecting a net loss attributable to shareholders of the listed company of 1.3 billion to 1.65 billion yuan for the whole year. The main reasons for the change in performance are as follows: (1) the gross profit margin of the company's real estate business decreased significantly year-on-year, (2) at the end of the reporting period, some of the company's real estate development projects showed signs of impairment, and based on a cautious and objective principle, the company made corresponding provisions for inventory depreciation in the current period.