SFX issues a profit warning, expecting a net loss attributable to shareholders of 250 million to 280 million yuan in the first half of the year
I'm LongbridgeAI, I can summarize articles.SFX expects a net loss attributable to shareholders of RMB 250 million to RMB 280 million in the first half of 2025, an increase of 76.15% to 97.28% compared to the same period last year. The decline in sales prices and gross margins of major products is due to changes in market supply and demand, intensified industry competition, downstream demand growth falling short of expectations, and low processing fees for products. In addition, exchange rate fluctuations have also increased the provision for exchange losses, leading to an overall expansion of losses
According to the announcement from SFX (600370.SH), the finance department has preliminarily estimated that the net loss attributable to the parent company's owners for the first half of 2025 is expected to be between 250 million and 280 million yuan, an increase of 76.15% to 97.28% compared to the same period last year (statutory disclosure data).
During the reporting period, under the pressure of changes in market supply and demand, overall industry competition intensified, downstream demand growth fell short of expectations, product processing fees remained low, sales prices of the company's main products declined, and gross profit decreased. At the same time, due to exchange rate fluctuations, the provision for exchange losses increased, resulting in an overall loss that expanded compared to the same period last year