China Sandi Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2021. The Group expects to record a profit in the range of RMB 200 million to RMB 300 million for the year ended 31 December 2021, representing a drop of approximately 50% as compared with that for the year ended 31 December 2020 of approximately RMB 541 million. Such expected drop was mainly due to the fact that the COVID-19 pandemic has affected the delivery of construction materials in various places in the People's Republic of China and the weather conditions did not meet the construction safety requirements of the PRC government, resulting in the failure to complete and deliver the Group's property projects as scheduled, which in turn affected the revenue of the Group from property sales for the year ended 31 December 2021.
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Apr. 02 | China Sandi Swings to Loss in 2023 | MT |
Apr. 01 | China Sandi Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
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+12.96% | 3.57B | |
-5.92% | 3.54B |
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