Jiangsu Shuangxing Color Plastic New Materials (002585.SZ) issued a profit warning, expecting a net loss of 380 million to 420 million in 2024.

Jiangsu Shuangxing Color Plastic New Materials (002585.SZ) announced its 2024 annual performance forecast, expecting a net loss attributable to shareholders of the listed company of 3.8 billion to 4.2 billion yuan for the full year. During the reporting period, the capacity of the functional polyester film industry continued to be released, leading to increasingly fierce market competition, declining product sales prices, and a decrease in gross profit margin.