Shenglong International Warns of Net Loss of Approximately 10.5 Million Yuan for the Six Months Ending June 2026, Reversing from a Profit
Stock News
Aug 13
Shenglong International has issued a profit warning, projecting a net loss attributable to shareholders of approximately 10.5 million yuan for the six months ending June 30, 2026. This marks a sharp reversal from the net profit of 19.9 million yuan recorded in the same period last year.
The expected net loss for the current six-month period is primarily attributed to a significant decline in gross profit. This decline is mainly driven by a drop in revenue due to lower selling prices and reduced sales volumes, as well as increases in the cost of production materials and manufacturing expenses.
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