Shenzhen Properties foresees no dividends amid 2024 loss

** Shenzhen Special Economic Zone Real Estate & Properties Group (SZSE:000029) announced its 2024 profit distribution plan, recommending no cash dividends, bonus shares, or capitalization of reserves, subject to shareholder approval. The decision, detailed in an exchange filing, comes after the group posted a net loss of ¥176.7 million attributable to shareholders, a challenging performance despite a 23.33% year-over-year revenue decrease to ¥407.0 million. In light of these losses, the board emphasizes prioritizing the company’s long-term stability and future prospects by retaining earnings.