Chinese Estates Holdings Limited (00127.HK) announced that in the full year of 2021, the group sold some of its shares of Evergrande (03333.HK) in the open market, and an expected realized loss of approximately 7.87 billion yuan will be recorded as other comprehensive expense for the year. Based on a preliminary assessment of the fair value changes of the remaining Evergrande shares as of the closing price on December 31, 2021, an expected unrealized loss of approximately 3.05 billion yuan due to fair value movements will be recorded as other comprehensive income for the year.
In the current year, the group has recognized dividend income from Evergrande shares of approximately 0.16 billion yuan in its profit and loss.
In the current year, the group expects to generate a realized loss of approximately 1.5 billion yuan from the sale of certain securities investments and financial assets, and an expected unrealized loss of approximately 0.95 billion yuan due to fair value changes of remaining securities investments and financial assets will be recognized in the profit and loss for the year.