Zhenro Services Group Limited Provides Earnings Guidance for the Year Ended 31 December 2022
environment for real estate industry, the expected deterioration in results is mainly attributable to (1) the decline of credit rating for real estate companies, and increase of loss allowance for impairment of receivables, (2) the decreased demand for services by property developers, resulting
in a decrease in revenue of value-added services to non-property owners, and (3) the impairment of goodwill arising from some acquisition/merger companies of the Group.