Chinasouthcity Holdings Limited issued a profit warning on August 22, 2024, expecting a tax loss of approximately HKD 4 billion to HKD 4.5 billion in the first half of 2024. The main reasons for the loss include a decrease in property sales and delivery, a fair value loss on investment properties, an increase in inventory impairment provision, a rise in financing costs, and a decline in rental income. This forecast is based on the preliminary assessment of unaudited management accounts and other information, and has not been audited or reviewed by auditors or the audit committee. The company will announce its interim results no later than August 30, 2024, reminding shareholders and investors to exercise caution in their transactions and seek professional advice.

Chinasouthcity Holdings Limited issued a profit warning on August 22, 2024, expecting a tax loss of approximately HKD 4 billion to HKD 4.5 billion in the first half of 2024. The main reasons for the loss include a decrease in property sales and delivery, a fair value loss on investment properties, an increase in inventory impairment provision, a rise in financing costs, and a decline in rental income. This forecast is based on the preliminary assessment of unaudited management accounts and other information, and has not been audited or reviewed by auditors or the audit committee. The company will announce its interim results no later than August 30, 2024, reminding shareholders and investors to exercise caution in their transactions and seek professional advice.