Jianye Real Estate (00832) announced that the group is expected to incur a loss of RMB 2.5 billion to RMB 3.5 billion in equity held by shareholders by the end of June 30, 2024, for six months, and a loss of approximately RMB 1.2 billion in equity held by shareholders by the end of June 30, 2023, for six months. The losses attributed to the equity holders are mainly due to the macroeconomic situation and the continued downturn in the real estate market, resulting in 1) provisions for inventory, goodwill and accounts receivable based on the principle of prudence and 2) a decline in real estate recognized revenue and gross margin, which failed to cover the company's costs and expenses.