---
title: "SHANDONG DAYE: The company's gross profit margin is relatively low"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229733837.md"
description: "SHANDONG DAYE issued a notice of unusual movements, stating that due to intensified competition in the rubber skeleton material industry and rising shipping costs, the company's gross profit margin was relatively low, at 7.95% in 2021, dropping to 1.76% in 2022, and rebounding to 8.31% in 2023. It is expected that the net profit for 2024 will be -146 million yuan, and the net profit excluding non-recurring gains and losses will be -158 million yuan, indicating a shift from profit to loss, reminding investors to pay attention to investment risks"
datetime: "2025-02-26T10:18:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229733837.md)
  - [en](https://longbridge.com/en/news/229733837.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229733837.md)
generator: "portal-rs"
---

# SHANDONG DAYE: The company's gross profit margin is relatively low

SHANDONG DAYE issued a notice of unusual fluctuations. In recent years, due to intensified competition in the rubber skeleton material industry, the company's product prices have declined, coupled with rising shipping costs and other factors, resulting in a low gross profit margin for the company. The gross profit margin for products was 7.95% in 2021, 1.76% in 2022, and 8.31% in 2023. The company's profitability is relatively limited, and investors are advised to pay attention to investment risks. It is expected that the net profit attributable to shareholders of the listed company for the year 2024 will be -146 million yuan, and the net profit after deducting non-recurring gains and losses will be -158 million yuan, both of which will show a transition from profit to loss compared to the same period last year

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**