CHINA SANDI (00910) Issues Profit Warning, Anticipates Annual Loss of RMB 4.403 Billion for 2024

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Jan 23

CHINA SANDI (00910) has announced that the Group expects to record a loss of approximately RMB 4.403 billion for the year ending December 31, 2024. This compares to a loss of approximately RMB 422 million for the year ended December 31, 2023. The anticipated decline is primarily attributable to decreased gross profit margins for property sales and investment property leasing. This resulted from the persistently unfavorable macroeconomic conditions in China and the downturn in the real estate sector, which adversely affected the Group's property sales revenue for the 2024 financial year. Furthermore, the Group recorded a fair value loss on investment properties of approximately RMB 4.334 billion for the year ending December 31, 2024. This substantial loss was driven by industry-wide macro-control measures and the continuing market downturn in China's real estate sector.

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This compares to a loss of approximately RMB 422 million for the year ended December 31, 2023.\nThe anticipated decline is primarily attributable to decreased gross profit margins for property sales and investment property leasing. This resulted from the persistently unfavorable macroeconomic conditions in China and the downturn in the real estate sector, which adversely affected the Group's property sales revenue for the 2024 financial year.\nFurthermore, the Group recorded a fair value loss on investment properties of approximately RMB 4.334 billion for the year ending December 31, 2024. This substantial loss was driven by industry-wide macro-control measures and the continuing market downturn in China's real estate sector.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CHINA SANDI (00910) Issues Profit Warning, Anticipates Annual Loss of RMB 4.403 Billion for 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCHINA SANDI (00910) Issues Profit Warning, Anticipates Annual Loss of RMB 4.403 Billion for 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-01-23 22:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>CHINA SANDI (00910) has announced that the Group expects to record a loss of approximately RMB 4.403 billion for the year ending December 31, 2024. This compares to a loss of approximately RMB 422 million for the year ended December 31, 2023.\nThe anticipated decline is primarily attributable to decreased gross profit margins for property sales and investment property leasing. This resulted from the persistently unfavorable macroeconomic conditions in China and the downturn in the real estate sector, which adversely affected the Group's property sales revenue for the 2024 financial year.\nFurthermore, the Group recorded a fair value loss on investment properties of approximately RMB 4.334 billion for the year ending December 31, 2024. This substantial loss was driven by industry-wide macro-control measures and the continuing market downturn in China's real estate sector.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00910","symbol_name":"中国三迪","start_time":0,"source_url":"","article_id":"1109578752","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1109578752","pubTimestamp":1769177776,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"CHINA SANDI (00910) has announced that the Group expects to record a loss of approximately RMB 4.403 billion for the year ending December 31, 2024. 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