---
title: "AOWEI HOLDING issues a profit warning, expecting the annual loss attributable to shareholders to narrow to no more than approximately 350 million yuan year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/232218172.md"
description: "AOWEI HOLDING issued a profit warning, expecting a loss attributable to shareholders of no more than 350 million yuan for the year ending December 31, 2024, a decrease from 549 million yuan in the same period of 2023. The loss is mainly due to impairment of properties, plants, and equipment, the impact of heavy rainfall on inventory and production, and a decline in the selling price of sand and gravel aggregates leading to a decrease in gross profit margin"
datetime: "2025-03-18T09:31:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/232218172.md)
  - [en](https://longbridge.com/en/news/232218172.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/232218172.md)
---

# AOWEI HOLDING issues a profit warning, expecting the annual loss attributable to shareholders to narrow to no more than approximately 350 million yuan year-on-year

According to the announcement from AOWEI HOLDING (01370), it is expected that for the year ending December 31, 2024, the company will incur a loss attributable to equity holders of no more than approximately RMB 350 million (compared to a loss of RMB 549 million in the same period of 2023). The group's loss during the reporting period is mainly attributed to impairment losses on properties, plants, and equipment; the impact of continuous heavy rain disasters at the end of July 2023, which caused impurities to seep into the stockpiled sand and gravel aggregates of Laiyuan County Jingyuan City Mining Co., Ltd., resulting in inventory backlog; damage to road facilities of Laiyuan County Jiheng Mining Co., Ltd. requiring repairs, leading the company to partially suspend production in the sand and gravel aggregate business, resulting in reduced production and sales volume; and a decrease in the selling price of sand and gravel aggregates leading to a decline in gross profit margin

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