Liaoning Sg Automotive Group (600303.SH) issued a profit warning, expecting a net loss of 285 million to 340 million in 2024.

Liaoning Sg Automotive Group (600303.SH) released an announcement. According to the preliminary calculation by the finance department, it is expected to achieve a net loss attributable to the owners of the parent company of -285 million yuan to -340 million yuan in 2024, compared to -46,994.05 million yuan in the same period last year (legally disclosed data), indicating a reduced loss. It is expected to achieve a net profit attributable to the owners of the parent company of -29,000 million yuan to -34,500 million yuan in 2024, after excluding non-recurring gains and losses. The company's main businesses include automotive vehicles, axles, and components. The vehicle business includes passenger cars, pickups, and other segments of the automotive industry. Due to factors such as intensified market competition this year, the company's vehicle production and sales did not meet expectations, causing the existing gross profit to not cover the fixed costs, leading to a loss.