Summary by Futu AI
Shanghai Shimao Corporation, a subsidiary of the Shimao Group, announced unaudited financial results for the three months ended 31 March 2024. Shanghai Shimao reported operating revenue of about RMB 103.35 billion in the quarter, down from RMB 11.24 billion in the same period last year. In terms of comprehensive profit, the company posted an operating loss of about RMB 2.79 billion, compared with a profit of about RMB 2.08 billion in the same period last year. The net loss was about RMB2.35 billion, compared to a net profit of RMB1.56 billion in the same period last year. Basic and diluted loss per share were RMB 0.02. The balance sheet shows that as of 31 March 2024, Shanghai Shimao's total assets were 108.2 billion yuan, down about 138 billion yuan from the end...Show More