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China Sandi Holdings Ltd. ( (HK:0910) ) has shared an announcement.
China Sandi Holdings Limited reported a sharp deterioration in its 2024 financial performance, with total revenue falling to RMB2.08 billion from RMB3.30 billion a year earlier and gross profit shrinking significantly. The company recorded a substantial net loss of approximately RMB4.05 billion, driven mainly by a massive loss in the fair value of its investment properties, large write-downs of property inventories, increased finance costs and a loss on disposal of subsidiaries, partly offset by an income tax credit and positive other gains; the results highlight mounting pressure on its balance sheet and underscore the challenging environment facing Chinese property-related businesses.
More about China Sandi Holdings Ltd.
China Sandi Holdings Limited is a Bermuda-incorporated company listed in Hong Kong, operating through a group structure that generates revenue primarily from the sale of goods and services as well as rental income from investment properties in mainland China. Its activities place it within the property-related and services sector, with exposure to fluctuations in real estate values and associated financing costs.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$71.23M
See more insights into 0910 stock on TipRanks’ Stock Analysis page.