CHINA SANDI (00910) Reports 2024 Annual Results: Shareholder Loss of 4.052 Billion Yuan, Widening by 772.1% Year-on-Year

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Jan 28

CHINA SANDI (00910) announced its annual results for the period ended December 31, 2024, revealing revenue of 2.078 billion yuan (Renminbi, same below), a decrease of 37.1% compared to the previous year. The loss attributable to the company's owners was 4.052 billion yuan, marking a significant widening of 772.1% year-on-year. The basic loss per share was 79.63 fen. During the reporting period, the Group's contracted sales amounted to approximately 167 million yuan, with a total contracted sales gross floor area of about 14,140 square meters. Both the contracted sales amount and the total gross floor area saw substantial declines of 80.2% and 84.7%, respectively, compared to the year ended December 31, 2023. The primary reason for the decrease in contracted sales was attributed to the sluggish real estate sales environment throughout 2024.

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