THREE STARS NEW MATERIALS issues a profit warning, expecting a net loss of 36.5 million to 72.5 million yuan for the year 2024
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THREE STARS NEW MATERIALS expects a net loss of RMB 36.5 million to RMB 72.5 million for the year 2024, compared to a loss in the same period last year. Although the glass door business for low-temperature storage equipment has developed steadily and overall revenue has increased, the significant increase in financial and management expenses due to the large initial investment in the photovoltaic glass project by its holding subsidiary Guohua Jintai, coupled with the slowdown in the growth of the photovoltaic industry and downward pressure on product prices, has led to a decline in the company's overall performance
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