KangLongDa issues a profit warning, expecting a net loss of 350 million to 500 million yuan in 2024
I'm LongbridgeAI, I can summarize articles.KangLongDa expects a net loss of between 350 million and 500 million yuan in 2024, continuing to incur losses compared to the same period last year. The net profit after deducting non-recurring gains and losses is expected to be between -455 million and -305 million yuan. The company's losses are mainly affected by lower-than-expected industry demand and the sluggish market prices of lithium salt products from its holding subsidiary
According to the announcement from KangLongDa (603665.SH), the financial department has preliminarily estimated that the company expects to achieve a net profit attributable to shareholders of the listed company for the year 2024 to be between -50 million yuan and -35 million yuan, continuing to incur losses compared to the same period last year (statutory disclosure data). The company expects the net profit attributable to shareholders of the listed company for the year 2024, after deducting non-recurring gains and losses, to be between -45.5 million yuan and -30.5 million yuan.
Due to external factors such as industry demand being lower than expected, the market prices of lithium salt products from the company's holding subsidiaries, Jiangxi Tiancheng Lithium Industry Co., Ltd. and Jiangxi Xiecheng Lithium Industry Co., Ltd., have continued to be sluggish, resulting in ongoing losses in net profit attributable to the parent company