On March 11, China Jinmao (00817.HK) released a performance forecast, estimating that the Group will record a profit attributable to the owners of the company of about RMB 1 billion for the year ended December 31, 2024, which is higher than the loss attributable to the owners of the company of about RMB 6.90 billion for the year ended December 31, 2023. The increase in operating performance was mainly due to the Group's continuous strengthening of lean management, and its efforts to control costs and improve efficiency. Management fees, sales and marketing expenses, and financing costs decreased during the year. The impairment provisions for assets such as properties under development and properties held for sale in the group's associates and joint ventures decreased during the year.