China Sandi Holdings Ltd. has issued a profit warning, stating that it expects to record a loss of approximately RMB4,403 million for the year ended 31 December 2024. This marks a significant increase in losses compared to the previous year, when the company reported a loss of about RMB422 million for the year ended 31 December 2023. The substantial decline in business performance is primarily attributed to a decrease in gross profit. The company is in the process of finalising its consolidated annual results for 2024.
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