---
title: "Songyang Resources issues a profit warning, expecting a net loss of 150 million to 200 million yuan in 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225325668.md"
description: "Songyang Resources expects a net loss of between 150 million and 200 million yuan in 2024, mainly due to factors such as poor market conditions, weak downstream demand, intensified industry competition, and fluctuations in raw material prices, resulting in a negative gross profit margin"
datetime: "2025-01-17T09:42:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225325668.md)
  - [en](https://longbridge.com/en/news/225325668.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225325668.md)
generator: "portal-rs"
---

# Songyang Resources issues a profit warning, expecting a net loss of 150 million to 200 million yuan in 2024

According to the announcement from Songyang Resources (603863.SH), the finance department has preliminarily estimated that the net profit attributable to shareholders of the listed company for the year 2024 is expected to be between -200 million yuan and -150 million yuan. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for the year 2024 is also expected to be between -200 million yuan and -150 million yuan.

In 2024, affected by overall market conditions and other factors, the company's downstream demand is weak, competition within the industry is becoming increasingly fierce, and at the same time, due to fluctuations in the market environment and raw material prices, the company's product prices continue to be inverted, resulting in a negative sales gross margin, leading to a loss in the company's operating performance for the year 2024

### Related Stocks

- [603863.CN](https://longbridge.com/en/quote/603863.CN.md)
- [300769.CN](https://longbridge.com/en/quote/300769.CN.md)

## Related News & Research

- [Empire Metals flags 8.16 billion-tonne Pitfield titanium resource in investor presentation](https://longbridge.com/en/news/296745174.md)
- [Surge Copper advances Berg project fieldwork, targets early September IPD filing for environmental review](https://longbridge.com/en/news/296776367.md)
- [WeGolden Receives Best Gold Trading Platform Asia 2026 Recognition from TrustFinance Awards](https://longbridge.com/en/news/296793654.md)
- [KINGSOFT  Interim Net Profit Up 100.8% YoY to RMB1.639 Billion; No Interim Dividend](https://longbridge.com/en/news/296417569.md)
- [Hugoton Royalty Trust declares no August cash distribution for May 2026 production](https://longbridge.com/en/news/296632611.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**