Jiangsu Shuangxing Color Plastic New Materials (002585.SZ) released its 2024 interim performance forecast. The company expects a net loss attributable to shareholders of the listed company to be...
According to the announcement of Jiangsu Shuangxing Color Plastic New Materials (002585.SZ), the company predicts a net loss attributable to shareholders of the listed company of CNY 0.165 billion to CNY 0.175 billion for the first half of 2024; after deducting non-recurring gains and losses, the net loss is expected to be CNY 0.185 billion to CNY 0.195 billion.
In the first half of 2024, the industry capacity was further released, market demand was weak, competition intensified, and product prices fell significantly compared to the same period last year, resulting in a substantial decline in net income compared to the same period last year.