Ruisen Life Ser (01922.HK) announced on November 4 that the company expects to record an unaudited loss of not less than RMB 90 million for the six months ending June 30, 2024, with a profit of approximately RMB 63.8 million for the six months ending June 30, 2023. The shift from profit to loss is mainly due to an expected increase in impairment provisions for receivables from related parties. These related parties are mainly real estate developers facing financial difficulties in the challenging market conditions of the real estate industry.
瑞森生活服务(01922.HK)盈警：预计中期亏损不少于9000万元
ruisen life ser (01922.HK) issued a profit warning: it is expected to incur a midterm loss of not less than 90 million yuan.
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