China Sandi Holdings Ltd. (HK:0910) has released an update.
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China Sandi Holdings Limited has issued a profit warning, expecting to post a loss after tax of RMB 200-300 million for the first half of 2024, in stark contrast to the profit of RMB 146 million in the same period last year. This anticipated loss is due to decreased revenue in property sales, a downturn in the real estate industry, and impairment losses on properties under development. While advising shareholders and potential investors to exercise caution, the company remains optimistic about its financial health and future prospects.
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