[ET Net News Agency, 13 July 2021] Sunfonda Group Holdings Limited (01771) said the
group is expected to record a profit attributable to owners of the parent of not less than
RMB218.6 million for the six months ended 30 June 2021, representing an increase of not
less than 370% as compared to the profit attributable to owners of the parent (being
RMB46.5 million) for the six months ended 30 June 2020.
It was mainly due to (i) in the first half of 2021, China's automobile consumption
market remained active, especially the luxury car market demonstrated strong growth
momentum; (ii) the group's operational quality and efficiency was continuously enhanced,
and the sales volume and sales revenue of new automobiles, gross profit margin and other
indicators maintained good growth momentum; (iii) the group continued to carry out its
strategic arrangement, continuously broadened its business map across the country,
strengthened regional advantages and optimized the structure of automobile brands, and
further expanded its business scale; and (iv) the group's resources were optimized and the
proceeds from the disposal of the minority interests in a company which was not engaged in
main business were used to facilitate the development of its main business, thus
consolidating its core competitiveness. (RC)