YTG issued a profit warning, expecting a net loss of 2.8 billion to 3.2 billion yuan for the fiscal year 2024
I'm LongbridgeAI, I can summarize articles.YTG released a preliminary announcement of its 2024 annual performance, expecting a net loss of 2.8 billion to 3.2 billion yuan. Due to a decline in cement demand and intensified market competition, the company's building materials industry remains in a loss state, despite some price increases during the year
According to the Zhitong Finance APP, YTG (600881.SH) announced a preliminary loss for its 2024 annual performance, expecting a net loss attributable to the parent company's owners of between 2.8 billion and 3.2 billion yuan. During the reporting period, cement demand decreased, and cement and clinker prices initially fell before rising, with prices increasing year-on-year. The company's building materials industry achieved a reduction in losses year-on-year, but due to factors such as weak market demand and intensified competition, the company's building materials industry remains in a state of loss