BAIYANG announced a pre-loss, expecting a net loss of 8 million to 15 million yuan for the fiscal year 2024
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BAIYANG expects a net loss of 8 million to 15 million yuan for the year 2024, with a non-recurring net loss of 18 million to 25 million yuan. In the first half of the year, the business did not meet expectations due to rising raw material prices for tilapia, increased shipping costs, and a decline in feed sales. In the second half of the year, the company adjusted its management team, optimized its strategy, experienced growth in demand for aquatic food exports, and saw a rebound in feed sales, leading to improved business conditions. At the same time, the company will make provisions for impairment on certain impaired assets
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