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According to the AI ​​Express of Meijing, an investor asked a question on the investor interaction platform: In the first half of this year, the real estate sector had operational difficulties, and leading companies such as Vanke forecast huge losses, but your company forecast a significant reduction in losses, becoming an outlier in the real estate industry. Is this mainly due to the effectiveness of transformation or financial and technical adjustments?

Crown City Datong (600067.SH) stated on the investor interaction platform on August 23 that the company's current main business is the production and sales of electromagnetic wires, real estate development, and the production and operation of electrolyte additives for new energy lithium batteries. At present, our company is vigorously promoting industrial transformation and gradually withdrawing from the real estate industry. Since 2019, the company has no longer added new land reserves. Most of the real estate business projects are in the final stage and corresponding inventory impairment provisions have been made. In the 2023 annual report, the operating income of electromagnetic wires has exceeded the real estate income. Although the overall environment of the real estate industry is still sluggish in the first half of the year, it is less affected than large-scale pure real estate companies.

(Reporter Cai Ding)

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