卓能(集团)(00131) - 2022 Q2 - 季度财报

Revenue Performance - The company's revenue for the reporting period decreased by 96.4% compared to the same period last year, primarily due to no property sales in Shenzhen during the reporting period [2]. Financial Loss - The total loss for the reporting period was HKD 9,760,000, compared to a gross profit of HKD 739,410,000 in the same period last year [5]. Sales Decline Factors - The decline in sales at Shenzhen Cheuk Nang Garden to zero was attributed to credit control policies implemented by the People's Bank of China and the China Banking and Insurance Regulatory Commission, as well as the impact of the pandemic and concerns over the debt crisis among Chinese real estate developers [3].