China Cinda announced that the company's net profit for the first half of this year is expected to drop 20% to 25% year on year, and net profit to mother will drop 60% to 70% year on year. China Cinda said in the announcement that the year-on-year decline in net profit was mainly affected by changes in deferred income tax expenses and the increase in current taxable income; the main reason for the year-on-year decline in net profit due to Cinda Real Estate's year-on-year decline in the first half of this year is that Cinda Real Estate is expected to lose losses sharply year on year, and losses attributable to non-controlling interests fell sharply year on year.

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