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An update from China Sandi Holdings Ltd. ( (HK:0910) ) is now available.
China Sandi Holdings Limited has issued a profit warning, saying it expects to post a sharply wider loss of about RMB4.4 billion for the year ended 31 December 2024, compared with a loss of roughly RMB422 million a year earlier. The deterioration is mainly attributed to weaker gross margins on property sales and leasing amid China’s ongoing real estate downturn, as well as a sizeable fair value loss of around RMB4.33 billion on its investment properties driven by continued market deterioration and industry macro-control measures. Despite the projected loss, the board maintains that the group’s overall financial position remains healthy and is upbeat about its prospects, while urging shareholders and potential investors to exercise caution until the audited 2024 annual results are released, expected in late January 2026.
More about China Sandi Holdings Ltd.
China Sandi Holdings Limited is a Hong Kong‑listed property group incorporated in Bermuda, with operations focused on property sales and investment property leasing in mainland China. Its performance is closely tied to the macroeconomic environment and policy conditions in the People’s Republic of China real estate sector.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$71.23M
Learn more about 0910 stock on TipRanks’ Stock Analysis page.