--- title: "Kangxin New Materials issues a profit warning, expecting a net loss of 286 million yuan for the fiscal year 2024" type: "News" locale: "en" url: "https://longbridge.com/en/news/225008421.md" description: "Kangxin New Materials expects a net loss of 286 million yuan for the fiscal year 2024, continuing the losses from the same period last year. Although the container market began to recover in the second quarter of 2024, with an increase in sales volume, high inventory costs and insufficient production capacity have prevented a significant increase in profits. In addition, the environmental board industry is affected by overcapacity, leading to fixed costs that cannot be diluted and a decline in gross sales profit. The company also conducted impairment assessments on inventory and goodwill, resulting in performance losses" datetime: "2025-01-15T07:40:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/225008421.md) - [en](https://longbridge.com/en/news/225008421.md) - [zh-HK](https://longbridge.com/zh-HK/news/225008421.md) generator: "portal-rs" --- # Kangxin New Materials issues a profit warning, expecting a net loss of 286 million yuan for the fiscal year 2024 According to the Zhitong Finance APP, Kangxin New Materials (600076.SH) announced that the company expects to achieve a net loss attributable to shareholders of the listed company of 286 million yuan for the fiscal year 2024, continuing to incur losses compared to the same period last year. In 2024, affected by multiple factors such as the Red Sea crisis disrupting the supply-demand balance of container shipping, prolonged shipping cycles, continuous increases in shipping prices, and enhanced willingness of shipowners to replenish containers, a significant recovery trend has emerged in the domestic container market since the second quarter of 2024. The sales volume of the company's main product, container flooring, has seen a substantial increase compared to the same period last year. However, the cost of the company's inventory of container boards remains high, and the production capacity for corresponding products is insufficient. Some products are entrusted to other companies for processing and production, resulting in thin profits that are insufficient to cover the company's fixed depreciation and amortization costs and management expenses, thus failing to lead to a significant increase in profits. At the same time, the environmental protection board industry is mainly affected by industry overcapacity, leading to the company not operating at full capacity, which prevents fixed costs from being diluted. Additionally, the continuous decline in sales prices of civilian board products further reduces sales gross profit. Furthermore, the company conducted impairment assessments on inventory and goodwill during the reporting period, resulting in the recognition of some impairments, and the performance for the reporting period is expected to incur losses ### Related Stocks - [600076.CN](https://longbridge.com/en/quote/600076.CN.md) - [02490.HK](https://longbridge.com/en/quote/02490.HK.md) - [01193.HK](https://longbridge.com/en/quote/01193.HK.md) - [603162.CN](https://longbridge.com/en/quote/603162.CN.md) - [000520.CN](https://longbridge.com/en/quote/000520.CN.md) - [01919.HK](https://longbridge.com/en/quote/01919.HK.md) - [01308.HK](https://longbridge.com/en/quote/01308.HK.md) - [00598.HK](https://longbridge.com/en/quote/00598.HK.md) - [002401.CN](https://longbridge.com/en/quote/002401.CN.md) - [20030.HK](https://longbridge.com/en/quote/20030.HK.md) ## Related News & Research - [03:39 ETWalovi Accelerates Global Push with WALOVI Singapore HQ Launch and Trio of Southeast Asia Deals](https://longbridge.com/en/news/297003145.md) - [04:21 ETNew Real-World Data Show penKid Adding Decision Support for Kidney Replacement Therapy in Critical Care](https://longbridge.com/en/news/297147475.md) - [Helium Evolution financing creates three new 15% shareholders: Maxey, Tough Investments, Howard](https://longbridge.com/en/news/296842566.md) - [EGA restarts quarter of Al Taweelah smelter after Iran attack](https://longbridge.com/en/news/297011743.md) - [Acosta Verde launches shareholder preemptive rights offering at MXN 171.85 per share](https://longbridge.com/en/news/296830566.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**