China Land: It is estimated that the company's equity shareholders will account for about 1.19 billion yuan in the first half of 2022

On August 8, 2022, China Land (Code: 01387.HK), a listed company of Hong Kong stocks, released the 2022 fiscal annual report performance trailer. As of June 30, 2022, the performance was pre -losing. It accounted for about 1.19 billion yuan in losses, while the company's equity shareholders were recorded in the same period in 20121, which should account for approximately RMB 159 million. The company belongs to the retail real estate investment trust.

The company made the above prediction based on the following reasons: (i) confirming the impairment loss of property and equipment about RMB 9.41 million; In the same period, it was about RMB 38 million; and (III) derived from commission and lease income from the same period of 2012, which was about 1.1 million yuan. The supply chain and commercial activities of many Chinese companies, including the group and its business partners, have been hindered, the operating and transaction volume of the agricultural wholesale market, the affected subsidies to the dealers, and the reduction of commission and lease income.

China Land Group is an investment holding company that is mainly engaged in shopping mall operations. The company mainly operates through two business branches: development, leasing and management of shopping mall business branches and agricultural product wholesale market operation branches. The company's main projects and equipment are all over 30 cities and regions across China, including a number of underground malls in Harbin City, Heilongjiang Province, Guangzhou City, Guangdong Province, Wuhan City, Hubei Province, and Shenyang City, Liaoning Province.

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