Sunac China (01918) opened nearly 3% lower after the earnings report. As of press release, it fell 2.97% to HK$0.98, with a turnover of HK$2.0119 million.
The Zhitong Finance App learned that Sunac China (01918) opened nearly 3% lower after the announcement. As of press release, it fell 2.97% to HK$0.98, with a turnover of HK$2.0119 million.
According to the news, Sunac China announced that it expects the loss due to the company owner for the six months ending June 30, 2024 to be approximately RMB 15 billion (for the six-month period ending June 30, 2023: loss attributable to the company owner is approximately RMB 15.37 billion).
The losses achieved during this period were mainly due to factors such as the impact of the market downturn, a sharp decrease in the company's carry-over revenue, and the simultaneous calculation of contingent liability provisions.