SIFANG NEW MATERIAL issued a profit warning, expecting a net loss attributable to the parent company of 20 million to 30 million yuan in the first half of the year
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SIFANG NEW MATERIAL expects a net loss attributable to the parent company of 20 million to 30 million yuan in the first half of 2025, affected by the decline in the real estate industry, resulting in a significant decrease in the demand for ready-mixed concrete in Chongqing, with sales not meeting expectations. Increased market competition and continuous decline in sales prices have significantly impacted gross margin and net profit
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