PROLTO issued a profit warning, expecting a net loss of between 61 million and 108 million yuan for the fiscal year 2024
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PROLTO expects a net loss of between 61 million and 108 million yuan for the fiscal year 2024. Due to the nature of the company's supply chain business, other receivables have increased significantly, leading to an increase in credit impairment losses. In addition, the new energy businesses such as energy storage and sodium batteries did not meet expectations, and the initial investment costs were relatively high, prompting the company to make impairment provisions for the related assets
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