Performance forecast "big face change" stock price hits the limit down, CGE responds
I'm LongbridgeAI, I can summarize articles.CGE stock hit the daily limit down on April 9, reporting at 2.7 yuan per share. The company revised its performance forecast for the fiscal year 2025, adjusting the net profit attributable to the parent company from a range of -800 million yuan to -600 million yuan to a range of -1.4 billion yuan to -950 million yuan. The net profit excluding non-recurring items was revised from a range of -790 million yuan to -590 million yuan to a range of -1.38 billion yuan to -930 million yuan. It is expected that the equity attributable to the parent company's owners at the end of the fiscal year 2025 may be negative, facing a risk warning for delisting. The company stated that this significant downward revision was due to issues discovered during the audit process
On April 9th, CGE's stock hit the daily limit down, reporting at 2.7 yuan per share. Previously, CGE issued a revised performance forecast for 2025, adjusting the net profit attributable to the parent company from an estimated -800 million yuan to -600 million yuan to -1.4 billion yuan to -950 million yuan. The net profit excluding non-recurring items was revised from an estimated -790 million yuan to -590 million yuan to -1.38 billion yuan to -930 million yuan. The company expects that the equity attributable to the parent company's owners at the end of 2025 may be negative, and the stock trading may be subject to delisting risk warning by the Shenzhen Stock Exchange. A staff member from CGE's securities department responded to reporters that this significant downward revision was due to issues discovered during the audit process after the auditing agency took over, and the difference between the previous performance forecast and the revised performance is indeed substantial and should not have occurred