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Improved Revenues Required Before Shang Gong Group Co., Ltd. (SHSE:600843) Stock's 27% Jump Looks Justified
Even Though Shang Gong Group (SHSE:600843) Has Lost CN¥583m Market Cap in Last 7 Days, Shareholders Are Still up 94% Over 1 Year
2024 Earnings Advance Loss Announcement
Shang Gong Group (600843.SH): Expected net loss in 2024 is between 0.195 billion yuan and 0.25 billion yuan.
Gelonghui, January 17th丨Shang Gong Group (600843.SH) announced that, according to preliminary calculations by the company's financial department, the net income attributable to the owners of the parent company for the year 2024 is expected to be between -195 million yuan and -250 million yuan, indicating a loss compared to the same period last year (90.7386 million yuan). It is expected that the net income attributable to the owners of the parent company after deducting non-recurring gains and losses for the year 2024 will be between -235 million yuan and -290 million yuan. The main reason for the company's shift from profit to loss in 2024 is due to the sewing machine business in Europe and the newly acquired.
Little Excitement Around Shang Gong Group Co., Ltd.'s (SHSE:600843) Revenues As Shares Take 27% Pounding
Shang Gong Group (600843.SH): The "Research and Marketing Project of Special Stitching Equipment and Asia Vets Workstations" has been postponed until the end of December 2026.
Gelonghui, December 17 - Shang Gong Group (600843.SH) announced that the originally planned date for the project "Research and Marketing of Special Sewing Equipment and Smart Workstations" to be in a usable state was December 2024. However, due to changes in the external environment and market demand, as well as various factors affecting the progress of the China-Germany collaborative R&D project and the overseas German subsidiary development project, the R&D progress of this fundraising project is not meeting expectations. The company now plans to adjust the date for this project to be in a usable state to the end of December 2026.
Shang Gong Group's (SHSE:600843) Earnings Have Declined Over Five Years, Contributing to Shareholders 39% Loss
