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00627 FULLSUN INT'L
RTNominal down0.019 -0.001 (-5.000%)
Others

23/06/2021 09:31

Fullsun Int'l (00627) expects to record year loss

[ET Net News Agency, 23 June 2021] Fullsun International Holdings Group Co., Limited
(00627) said for the year ended 31 December 2020, the group is expected to record a net
loss in the range of approximately RMB1.5 billion to RMB1.6 billion, as compared with a
net profit of approximately RMB0.28 billion recorded for the year ended 31 December 2019.
This was mainly attributable to the outbreak of COVID-19, (i) the expected valuation
loss for the investment properties and inventory of properties transferred to the
investment properties of the group for the reporting year of approximately RMB607 million
as compared to the valuation gain for the previous year of approximately RMB106 million;
and (ii) the group launched promotional activities and offered discounts in sale price,
the expected gross loss of the group for the reporting year of approximately RMB402
million as compared to the gross profit of the group for the previous year of
approximately RMB404 million. (RC)

Remark: Real time quote last updated: 02/12/2021 13:55
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