Chengxin Lithium Group (002240.SZ) announces an expected net loss of 550 million to 690 million yuan for the fiscal year 2024, a turnaround from profit to loss compared to the previous year.

Chengxin Lithium Group (002240.SZ) has released its performance forecast for the year 2024, expecting a net loss attributable to the shareholders of the listed company of between 550 million and 690 million yuan, a year-on-year change from profit to loss. The company's performance for the year 2024 has declined compared to the same period last year, mainly due to the significant decrease in lithium salt prices compared to the same period last year, which has affected the company's performance for this reporting period due to the impact of the market environment in the lithium battery new energy industry.