Jiangsu Huifeng Bio Agriculture (002496.SZ) forecasts a net loss of 150 million to 180 million yuan for the fiscal year 2024.

Jiangsu Huifeng Bio Agriculture (002496.SZ) has issued a performance forecast for 2024, expecting a net loss of RMB 150 million to RMB 180 million for the full year attributable to the shareholders of the listed company. The main reasons are: (1) the company's operational performance in the transformation and development stage did not meet expectations; (2) the company incurred losses from changes in the fair value of financial assets it holds; (3) the performance of the significant affiliate Andoway Huifeng (Jiangsu) Co., Ltd. is still experiencing significant losses.