ADAMA Ltd. (000553.SZ) predicts a net loss of 2.564-3.351 billion yuan for the year 2024.

ADAMA Ltd. (000553.SZ) released its performance forecast for the year 2024, expecting a net loss of 2.564-3.351 billion yuan attributable to the shareholders of the listed company for the full year. The company predicts that the total sales for the year 2024 will decrease by 6%-15% compared to 2023 when calculated in RMB and by 7%-16% when calculated in USD. The decrease in sales reflects the impact of lower selling prices in 2024. Despite improvements in channel inventory, channel customers continue to purchase on an immediate basis due to fluctuations in raw material prices and a generally high-interest environment overseas, affecting market prices. Sales for the fourth quarter of 2024 increased compared to the same period in 2023, as the company no longer focuses on marketing low-profit products. Additionally, sales volume has increased for two consecutive quarters.