---
title: "Polyrocks issues a profit warning, expecting a net loss of 115 million to 144 million yuan in 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225332632.md"
description: "Polyrocks expects a net loss of RMB 115 million to RMB 144 million in 2024, mainly due to external macroeconomic impacts, intensified industry competition, and weak market demand. The overall gross profit margin of the company has declined, and in order to secure orders, some product prices have been reduced, leading to a decrease in sales prices"
datetime: "2025-01-17T10:28:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225332632.md)
  - [en](https://longbridge.com/en/news/225332632.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225332632.md)
---

# Polyrocks issues a profit warning, expecting a net loss of 115 million to 144 million yuan in 2024

According to the Zhitong Finance APP, Polyrocks (688669.SH) announced that it expects to incur a loss in net profit attributable to the owners of the parent company for the year 2024 compared to the same period last year (statutory disclosure data), with a net profit attributable to the owners of the parent company expected to be between -144 million yuan and -115.2 million yuan. The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses for the year 2024 is expected to be between -150 million yuan and -121.2 million yuan.

Affected by external macroeconomic conditions and intensified industry competition, market demand is weak, and the overall gross profit margin of the company has declined. In order to actively secure orders, the company has made certain concessions on prices for some products, such as plastic lighting and phosphochemical products, leading to a decrease in sales prices

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