Sino Haijing Holdings (HKG:1106) expects its annual results for the year ended 31 December 2011 to incur a loss as a profit recorded during the same period in 2010.

Such loss was mainly attributable to (i) the continuous downturn of the property market in the PRC resulting in significantly reduced demand for household electrical appliances; (ii) the continuous rise of operating costs and (iii) impairment loss on goodwill.