Seagull expects a pre-loss, with an estimated net loss of 115 million to 165 million yuan for the fiscal year 2024
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Seagull expects a net loss of RMB 115 million to RMB 165 million for the fiscal year 2024, mainly due to the transformation and adjustment of its main business in exporting faucets and the impact of the industrial chain on domestic sales. The company is reducing the proportion of its real estate-related business and adjusting its direction to control risks, while also making provisions for possible impairments of inventory and receivables
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