BBMG Group: Expected First Half Profit of 400 Million to 600 Million, Net Profit Down 78% to 67% Year-on-Year

On July 15, Jinyu Group issued a semi-annual performance forecast. The company expects a sharp decline in performance from January to June 2023. The net profit attributable to shareholders of listed companies is 400 million to 600 million, and the net profit is 78.00% to 67.00% lower than same period last year.

The Company made the above forecast based on the following reasons: during the reporting period, the performance of the Company decreased as compared with the same period last year, which was mainly affected by the changes in macro-economy and market supply and demand, and the cement price continued to decline; the profit area of the real estate development business decreased as compared with the same period last year due to the slow recovery of the market.