According to the Zhitong Finance App, Xiwang Real Estate (02088) announced results for the year ended December 31, 2023. The group achieved a turnover of RMB 20.79 million (same unit), a year-on-year decrease of 57.09%; losses attributable to the company's owners amounted to RMB 134 million, an increase of 1734% over the previous year; and a basic loss of 9.5 per share.

During the year, the company made provisions for confirmed impairment losses of approximately $71 million and $79.4 million for goodwill write-off, respectively (previous years: confirmed impairment losses of approximately $2 million in goodwill).