Shanghai Material Trading issued a profit warning, expecting a net profit of 45 million to 62 million yuan for the full year of 2024, a year-on-year decrease of approximately 55.72% to 67.86%.

Shanghai Material Trading (600822.SH) has released its annual performance forecast for 2024, with the company expecting to achieve a net profit attributable to owners of the parent company of 45 million to 62 million yuan, a decrease of approximately 55.72% to 67.86% compared to the same period last year. The company also expects to achieve a net profit attributable to owners of the parent company after deducting non-recurring gains and losses of -4 million to 13 million yuan, a decrease of approximately 69.09% to 109.51% compared to the same period last year.