JTF INTL issued a profit warning, expecting a loss attributable to shareholders of approximately 8 million to 10 million yuan in 2024
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JTF INTL expects a loss attributable to owners of the company of approximately RMB 8 million to 10 million in 2024, a significant increase compared to the loss of RMB 1.509 million in 2023. The increase in loss is mainly due to the gross profit from port trade turning into a gross loss and a decline in gross profit margin, influenced by fluctuations in oil prices and a cautious market atmosphere. The group may sell inventory at prices below procurement costs to maintain market position, and part of the increase in loss will be offset by provisions for unconfirmed litigation losses and listing expenses
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