Dongjiang Environmental (002672.SZ) issued a profit warning, expecting a net loss of 705 million to 785 million yuan for the year 2024.

Dongjiang Environmental (002672.SZ) announced its 2024 performance forecast, expecting a net loss of 7.05 billion to 7.85 billion yuan for the full year attributable to the company's shareholders. In 2024, the hazardous waste industry continues to face fierce competition, with prices for harmless waste collection continuing to decline, and the recycling rate for recyclable waste still rising. In addition, the significant depreciation and amortization of new projects in operation and the impact of asset impairment have put extreme pressure on the company's operations. In order to reverse the current unfavorable situation, the new management team of the company, adhering to the guidance of "Three Focuses and Four Strengths", is implementing deep reforms in multiple fields, continuously exploring and promoting key tasks such as transformation and upgrading, technological innovation, cost reduction, and efficiency improvement, and firmly maintaining the company's operating foundation.