On July 15, Yatai Group, an A-share listed company, issued a semi-annual performance forecast. The company expects to increase losses from January to June 2023. The net profit attributable to shareholders of listed companies is-1 billion-850 million, and the net profit is 78.22% to 51.49% lower than same period last year.
The Company makes the above forecast based on the following reasons:
1. Affected by the slowdown of infrastructure investment and insufficient real estate start-up, the cement market demand continued to be depressed, and the price of the company's building materials products fell sharply.
2． Affected by the low operation of the real estate industry and the decreasing willingness of residents to buy houses, the sales of commercial housing of the company's real estate enterprises continued to bear pressure.
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