BUYANG INTL issues profit warning, expecting annual net profit to decline significantly by approximately 50% to 60%
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BUYANG INTL issued a profit warning, expecting a significant decline in net profit of approximately 50% to 60% for the fiscal year ending December 31, 2024, with unaudited net profit expected to be lower than the 41.3 million yuan in the same period of 2023. The main reasons include a decrease in gross margin due to competitive pricing strategies adopted to attract customer orders, as well as rising raw material costs, particularly the increase in aluminum prices
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