China Evergrande Group projected its interim net profit may nosedive as much as 39 percent year-on-year, said the group in a notice issued on Wednesday night.
Analysts from Sealand Securities described the recent market nosedive as "investors letting out their sentiment".
The number of passenger trips took a nosedive during China's seven-day Spring Festival holiday, official data showed on Thursday.
All of a sudden there was the outbreak of coronavirus, followed by lockdowns, empty showrooms and a nosedive in deliveries in February 2020.
Statistics from the China Association of Automobile Manufacturers show that passenger sales in the same period slumped 22.4 percent year-on-year, while Chinese-branded carmakers saw a 29 percent nosedive.
Shares in the Hong Kong stock market and the Chinese mainland corporate bonds denominated in US dollars saw their prices nosedive ever since tensions between Russia and Ukraine worsened.
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