---
title: "Seagull expects a pre-loss, with an estimated net loss of 115 million to 165 million yuan for the fiscal year 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225534341.md"
description: "Seagull expects a net loss of RMB 115 million to RMB 165 million for the fiscal year 2024, mainly due to the transformation and adjustment of its main business in exporting faucets and the impact of the industrial chain on domestic sales. The company is reducing the proportion of its real estate-related business and adjusting its direction to control risks, while also making provisions for possible impairments of inventory and receivables"
datetime: "2025-01-20T09:49:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225534341.md)
  - [en](https://longbridge.com/en/news/225534341.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225534341.md)
---

# Seagull expects a pre-loss, with an estimated net loss of 115 million to 165 million yuan for the fiscal year 2024

According to the Zhitong Finance APP, Seagull (002084.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company to be between 115 million yuan and 165 million yuan for the entire year. During the reporting period, the company's performance loss was mainly due to the structural adjustment of the main business of external sales of faucets. Although there are many business opportunities, the development to mass production cycle is relatively long, and the investment is substantial, which has not yet supported the current performance; the internal sales segment has been continuously affected by the industrial chain, and the company has been continuously reducing the proportion of real estate-related businesses and adjusting its business direction to control the risks of incremental business. However, due to the ongoing impact of some existing businesses from the previous period, based on the principle of prudence, the company has made corresponding impairment provisions for inventories and receivables that may incur impairment losses

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