UNITED STRENGTH (02337) Issues Profit Warning, Expects Interim Net Loss of Approximately RMB 5-7 Million, Turning from Profit to Loss Year-on-Year

Stock News

2025/08/18

UNITED STRENGTH (02337) announced that the company expects the group to record a net loss of approximately RMB 5 million to RMB 7 million for the six months ending June 30, 2025, compared to a net profit of RMB 27.9 million for the six months ending June 30, 2024. Based on information currently available to the board of directors, the board believes that the expected loss is mainly attributable to (among other factors) (i) more automotive customers switching to new energy vehicles, resulting in decreased market demand and reduced sales of petroleum products, and (ii) a decline in the average selling prices of petroleum products in the first half of 2025, leading to decreased gross profit margins.

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