Shenyang Public Utility Development Co., Ltd. (00747) issued an announcement. The Group's expectations and the year ended December 31, 2022...
According to Zhitong Finance App, Shenyang Public Utilities Development Co., Ltd. (00747) announced that the Group expects to achieve a significant increase of about 102% in pre-tax losses for the year ended December 31, 2023 (same period in 2022: RMB 758.24 million).
The board of directors believes that the increase in pre-tax losses was mainly due to impairment of contract costs; impairment of property under development; loss due to changes in fair value of investment properties; and reduction in the company's total revenue during the 2023 fiscal year.