Sundy Land Investment Co.Ltd(600077) response to stock price fluctuation: no major information should be covered, and the performance loss of last year is expected

On March 3, Sundy Land Investment Co.Ltd(600077) (hereinafter referred to as ” Sundy Land Investment Co.Ltd(600077) “) announced the abnormal fluctuation of stock trading, saying that the deviation of the closing price of the company’s shares in three consecutive trading days on March 1, March 2 and March 3, 2022 was more than 20%.

In this regard, Sundy Land Investment Co.Ltd(600077) said that the company and its controlling shareholders had no material information that should be disclosed but not disclosed, and no media reports or market rumors that might have a significant impact on the trading price of the company’s shares were found.

At the same time, Sundy Land Investment Co.Ltd(600077) also disclosed in the announcement that the company’s main business is still real estate operation and sales, which has not changed. It is estimated that the company’s net profit attributable to shareholders of Listed Companies in 2021 will be about – 400 million yuan to – 300 million yuan, a year-on-year decrease of about 752 million yuan to 652 million yuan; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was about – 380 million yuan to – 270 million yuan, a year-on-year decrease of about 810 million yuan to 920 million yuan.

In addition, the announcement shows that the pledge proportion of Sundy Land Investment Co.Ltd(600077) major shareholders is high. Up to now, Sundy Land Investment Co.Ltd(600077) controlling shareholders and persons acting in concert hold about 672 million shares of the company, accounting for 50.15% of the total share capital; The cumulative number of Pledged Shares is about 532 million, accounting for 79.15% of its shares.

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