According to the announcement from Songyang Resources (603863.SH), the finance department has preliminarily estimated that the net profit attributable to shareholders of the listed company for the year 2024 is expected to be between -200 million yuan and -150 million yuan. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for the year 2024 is also expected to be between -200 million yuan and -150 million yuan.

In 2024, affected by overall market conditions and other factors, the company's downstream demand is weak, competition within the industry is becoming increasingly fierce, and at the same time, due to fluctuations in the market environment and raw material prices, the company's product prices continue to be inverted, resulting in a negative sales gross margin, leading to a loss in the company's operating performance for the year 2024