FengGuang Stock issued a profit warning, expecting a net loss of 44 million to 74 million yuan for the fiscal year 2024, turning from profit to loss
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FengGuang Stock expects a net loss of 44 million to 74 million yuan for the year 2024, marking its first loss after profit. After deducting non-recurring gains and losses, the net loss is estimated to be between 53.5 million and 83.5 million yuan. The Yulin fundraising project is expected to incur a loss of 65 million to 75 million yuan due to the need for equipment modifications and high depreciation costs, with preliminary calculations estimating depreciation expenses between 50 million and 60 million yuan. Weak downstream demand has led to a decline in product gross profit
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