---
title: "ShangGong Group: Expected net loss of 195 million to 250 million yuan in 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225319986.md"
description: "ShangGong Group announced that it expects the net profit attributable to the owners of the parent company for the year 2024 to be between -195 million yuan and -250 million yuan, indicating a loss compared to the same period last year. It is expected that the net profit attributable to the owners of the parent company, after deducting non-recurring gains and losses, will be between -235 million yuan and -290 million yuan for the year 2024. The main reason for the expected loss is the operational losses from the European sewing machine business and the newly acquired ICON-related asset business"
datetime: "2025-01-17T09:04:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225319986.md)
  - [en](https://longbridge.com/en/news/225319986.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225319986.md)
generator: "portal-rs"
---

# ShangGong Group: Expected net loss of 195 million to 250 million yuan in 2024

ShangGong Group announced that it expects the net profit attributable to the owners of the parent company for the year 2024 to be between -195 million yuan and -250 million yuan, indicating a loss compared to the same period last year. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses for the year 2024 will be between -235 million yuan and -290 million yuan. The main reason for the expected loss is the operational losses from the European sewing machine business and the newly acquired ICON-related asset business

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**