Shandong Daye (603278.SH) forecasted a net loss of approximately 146 million yuan for the 2024 fiscal year.

Shandong Daye (603278.SH) announced in a profit warning that it expects a net loss of approximately 146 million yuan for the year 2024. The company's main products experienced rapid capacity expansion in the domestic market, intensified industry competition, downward pressure on product prices, and increased shipping costs, leading to a negative impact on the company's operating performance in 2024.