KangLongDa issues a profit warning, expecting a net loss of 350 million to 500 million yuan in 2024
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KangLongDa expects a net loss of between 350 million and 500 million yuan in 2024, continuing to incur losses compared to the same period last year. The net profit after deducting non-recurring gains and losses is expected to be between -455 million and -305 million yuan. The company's losses are mainly affected by lower-than-expected industry demand and the sluggish market prices of lithium salt products from its holding subsidiary
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