Summary by Futu AI
CITIC Construction Investment Group Co., Ltd. ("CITIC International") has issued a profit warning, forecasting a loss of about 551 million Hong Kong dollars for the year ending March 31, 2024, compared to a profit of about 108 million Hong Kong dollars in the same period in 2023. The main reason for this financial loss is the increase in fair value losses on financial assets and financial liabilities, as well as an increase in losses attributable to affiliated companies. The company stated that the data on which this announcement is based is a preliminary evaluation and has not been reviewed by independent auditors or auditing committees. The final data may be adjusted. CITIC International will release detailed annual performance results in late June 2024. Shareholders and potential investors of the company should act prudently.