[ET Net News Agency, 18 July 2019] Sanai Health Industry Group Company Limited (01889)
said the group is expected to record a consolidated net profit attributable to owners of
the company for the six months ended 30 June 2019 as compared to a consolidated net loss
attributable to owners of the company of RMB22.38 million recognised for the corresponding
period in 2018.
The expected turnaround from loss to profit was primarily attributable to (i) the
one-off gain recognised upon completion of disposal of Wuyi International Pharmaceutical
(Hong Kong) Company Limited and its subsidiary (2019 Disposal Group); (ii) the one-off
gain on disposal of property, plant and equipment by auction relating to the subsidiary of
Wuyi International Pharmaceutical (Hong Kong) Company Limited; and (iii) the change in the
gross loss of the group of RMB1.93 million for the six months ended 30 June 2018 to a
gross profit for the five months ended 31 May 2019, which is mainly due to the decrease in
depreciation, amortization and salaries associated with the 2019 Disposal Group. (RC)