Rendong Holdings (002647.SZ) issues a forecasted loss, expecting a net loss of 770 million to 1.15 billion yuan for the fiscal year 2024, with the loss widening.

Rendong Holdings (002647.SZ) released its performance forecast for the year 2024, with the company expecting a net loss attributable to shareholders of the listed company of 770 million to 1.15 billion yuan, an increase in losses; after deducting non-recurring gains and losses, the net loss is expected to be 110 million to 165 million yuan, a narrowing of losses. During the reporting period, the net profit attributable to shareholders of the listed company saw an increase in year-on-year losses, mainly due to the provision for impairment of assets and estimated liabilities based on the company's restructuring arrangements and operating conditions for the current year in accordance with conservative principles; at the same time, the provision for overdue interest and penalty for defaulted loans led to higher financial expenses.