Sunac China: Expected loss attributable to owners 25.50 billion yuan to 26 billion yuan in 2024
2025-03-17 09:44:03
On March 17, Sunac China (01918.HK) Announcement, based on the preliminary review of the unaudited management accounts for the year ended December 31, 2024 and the currently available information, it is expected that the loss attributable to the owners of the company for the year will be between RMB 25.50 billion and RMB 26 billion (for the year ended December 31, 2023: the loss attributable to the owners of the company will be approximately RMB 7.97 billion). The loss recorded during the year was mainly due to the impact of the market downturn, the company's carry-over income decreased significantly and the provision for asset impairment and contingent liability was made at the same time. The significant increase in the annual loss attributable to company owners compared with last year is mainly due to the overseas workout income recorded last year. If the impact of workout income is excluded for both this year and last year, the loss attributable to company owners for this year is expected to decrease compared with last year.
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