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Investors More Bullish on Shanghai Material Trading (SHSE:600822) This Week as Stock Rises 9.1%, Despite Earnings Trending Downwards Over Past Three Years
2024 Annual Results Pre-Reduction Announcement
Shanghai Material Trading (600822.SH): The profit is expected to decrease by 55.72% to 67.86% for 2024.
Gelonghui, January 17th丨Shanghai Material Trading (600822.SH) announced the annual performance forecast for 2024, expecting the net income attributable to the owners of the parent company to be between 45 million yuan and 62 million yuan, a decrease of approximately 55.72% to 67.86% compared to the same period last year; the company expects the net income attributable to the owners of the parent company after deducting non-recurring gains and losses to be between -4 million yuan and 13 million yuan, a decrease of approximately 69.09% to 109.51% compared to the same period last year. The company's Car Service and trade business are affected by market competition and supply-demand changes.
Shanghai Material Trading (600822.SH): The occupancy rate of the Material Trading Building is around 85%.
Gelonghui reported on January 14 that Shanghai Material Trading (600822.SH) stated on the investor interactive platform that the occupancy rate of the Material Trading Building is around 85%. The company is currently preparing for the renovation project of the auto industry park at 570 Zhen Da Road, Shanghai, and is actively engaging with leading brands in the Energy sector to expand and optimize the layout of Electric Vehicles outlets, with the introduction of relevant brands still remaining uncertain.
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