Central China Real Estate Limited provided consolidated earnings guidance for the six months ended 30 June 2022. The company expected that the Group will record a loss attributable to equity shareholders of the Company for the six months ended 30 June 2022 of approximately RMB 5 billion to RMB 6 billion as compared to a profit attributable to equity shareholders of the Company of approximately RMB 729 million for the six months ended 30 June 2021. This was primarily attributable to: (1) the period-on-period decline in sales due to the continuing downturn of the real estate industry; (2) the decline in delivery and decrease in carry forward income during the year as the COVID-19 epidemic caused delays in construction progress; (3) the declining demand for commercial leasing and the decrease in fair value of investment properties due to the overall weak performance of China's macro market; (4) the decrease in gross profit margin as a result of the declining average selling price of properties; and (5) the increase in inventory impairment during the period.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.141 HKD | -.--% | -1.40% | +80.77% |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+80.77% | 54.82M | |
+1.43% | 26.55B | |
-10.83% | 26.4B | |
+24.97% | 24.8B | |
+12.29% | 23.83B | |
+7.12% | 21.11B | |
+35.85% | 20.6B | |
-3.28% | 18.38B | |
+3.23% | 16.74B | |
+34.62% | 15.75B |
- Stock Market
- Equities
- 832 Stock
- News Central China Real Estate Limited
- Central China Real Estate Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2022