CCCC Real Estate 2022 Performance Forecast

2023, CCCC Real Estate Co., Ltd. issued a performance forecast for 2022.

The report shows that the net profit attributable to shareholders of listed companies is about 34.5 million yuan, a decrease of about 85.36% over the same period last year; the net profit loss after deducting non-recurring gains and losses is about 222 million yuan, a decrease of about 48.66% over the same period last year.

In the report, CCCC Real Estate analyzed the main reasons for the decrease in the net profit attributable to the parent company as compared with the same period last year:

1. During the reporting period, affected by the market downturn and changes in the regional structure of the delivery projects, the gross profit margin of the delivery projects of the company's real estate development business decreased significantly as compared with the previous year;

2. Affected by changes in market conditions and the epidemic situation, there are signs of impairment in some projects of the company, and the provision for asset impairment is expected to increase year-on-year during the reporting period;

3. In the same period of last year, due to the change in the scope of consolidation of some projects of our company, according to the relevant provisions of accounting standards, the fair value measurement of the corresponding equity resulted in non-recurring gains and losses, and the impact of this item decreased year on year during the reporting period.