Summary by Futu AI
Accor Holdings Limited (“Accor Holdings”) issued a profit warning on March 20, 2024, expecting a significant aggregate loss of approximately RMB395 million in 2023, a significant increase from the loss of RMB 148 million in 2022. The warning is based on a preliminary review of the most recent unaudited consolidated management accounts. The increase in losses was primarily due to a decrease in revenue and an increase in mining rights, trade receivables and notes receivable, prepayments, deposit and other receivables, as well as an increase in the total loss of impairment of investment properties. The Company notes that this information has not yet been reviewed or reviewed by an independent auditor or audit committee and may be subject to further adjustments. The Company will publish a detailed annual results announcement on March 28, 2024. Shareholders and potential investors should exercise caution and pay attention to subsequent announcements.