CHINA SANDI (00910) issues a profit warning, expecting a loss of 4.403 billion yuan in 2024.

China Three D (00910) announced that the Group is expected to incur a loss of approximately RMB 4.403 billion for the year ending December 31, 2024, compared to a loss of approximately RMB 0.422 billion for the year ending December 31, 2023. The expected decrease is mainly attributed to the persistently unfavorable macroeconomic environment in China and the downturn in the real estate industry, leading to a decrease in gross profit margin for property sales and investment property leasing, thereby affecting the Group's property sales revenue for the year ending December 31, 2024; and a loss of approximately RMB 43.34 billion in fair value of investment properties for the year ending December 31, 2024, due to industry macro control measures and the continuous decline in the Chinese real estate market environment.