China West Construction Group (002302.SZ) issues a profit warning, expecting a net loss of 200 million to 400 million yuan for the year 2024, turning from a profit to a loss year-on-year.

China West Construction Group (002302.SZ) announced its 2024 performance forecast, expecting a net loss attributable to shareholders of the listed company of 200 million to 400 million yuan for the full year, which is a shift from profit to loss compared to the previous year. The main reason for the company's performance change during the reporting period was the impact of the downward trend in the commodity concrete market in the regions covered by the company, leading to a decrease in the selling prices of the company's main products, resulting in a decrease in gross profit from the sale of commodity concrete. The company predicts a year-on-year decrease in profitability.