Dafa real estate: it is estimated that the net comprehensive loss recorded in 2021 will be about 160% lower than the comprehensive net profit of the previous year

Dafa real estate announced on the Hong Kong Stock Exchange on March 20 that the Group expects to record a net comprehensive loss in 2021, which is about 160% lower than the comprehensive net profit for the year ended December 31, 2020, mainly due to the decrease in the area of properties delivered, resulting in the decrease in the income recognized on properties sold in that year; Affected by covid-19 epidemic and adverse macro market environment, the average selling price of property projects fell, resulting in a decrease in gross profit margin and an increase in provisions for inventory impairment; Fair value loss of financial assets included in profit or loss at fair value; And exchange gains decreased.