According to the Shanghai Stock Exchange regulations
Posted: Mon Feb 10, 2025 11:31 am
At the same time, Songfa Co., Ltd. expects its operating income in 2024 to be 254 million to 295 million yuan, compared with 206 million yuan in the previous year; the operating income after deducting business income unrelated to the main business and income that does not have commercial substance is 252 million to 293 million yuan, which is less than 300 million yuan.
Songfa shares may be issued a delisting warning due to unsatisfactory performance after the official disclosure of the 2024 annual report, and the company's stock will be labeled *ST.
According to information, Songfa Co., Ltd. mainly deals in ceramic products such as household porcelain, customized porcelain, hotel porcelain, and ceramic wine bottles.
Regarding the main reasons for the expected loss, Songfa Group stated that the international market is still sluggish and the newly developed customers have not yet formed sales scale; the low-price line data competition of domestic e-commerce has squeezed the company's product profits, and the space for increasing product gross profit margins due to large customized orders is limited; the price of the main raw material natural gas has increased slightly, and at the same time, the increase in workers' wages has increased product costs.
In recent years, Songfa’s performance has continued to decline, and in 2021 it turned directly from profit to loss, with a net profit loss of 309 million yuan, directly wiping out the profits accumulated in previous years.
In the following years of, Songfa Co., Ltd. continued to lose 171 million yuan and 117 million yuan respectively.
In the first three quarters of last year, Songfa Group achieved revenue of 181 million yuan, a year-on-year increase of 16.44%; net profit was -60.31 million yuan, a year-on-year increase of 4.97%.
Based on this calculation, Songfa Group expected to achieve revenue of 73 million yuan to 114 million yuan in the fourth quarter of last year, and net profit attributable to the parent company of -26.69 million yuan to -1.94 million yuan.
Songfa shares may be issued a delisting warning due to unsatisfactory performance after the official disclosure of the 2024 annual report, and the company's stock will be labeled *ST.
According to information, Songfa Co., Ltd. mainly deals in ceramic products such as household porcelain, customized porcelain, hotel porcelain, and ceramic wine bottles.
Regarding the main reasons for the expected loss, Songfa Group stated that the international market is still sluggish and the newly developed customers have not yet formed sales scale; the low-price line data competition of domestic e-commerce has squeezed the company's product profits, and the space for increasing product gross profit margins due to large customized orders is limited; the price of the main raw material natural gas has increased slightly, and at the same time, the increase in workers' wages has increased product costs.
In recent years, Songfa’s performance has continued to decline, and in 2021 it turned directly from profit to loss, with a net profit loss of 309 million yuan, directly wiping out the profits accumulated in previous years.
In the following years of, Songfa Co., Ltd. continued to lose 171 million yuan and 117 million yuan respectively.
In the first three quarters of last year, Songfa Group achieved revenue of 181 million yuan, a year-on-year increase of 16.44%; net profit was -60.31 million yuan, a year-on-year increase of 4.97%.
Based on this calculation, Songfa Group expected to achieve revenue of 73 million yuan to 114 million yuan in the fourth quarter of last year, and net profit attributable to the parent company of -26.69 million yuan to -1.94 million yuan.