TSAKER NE (01986) issued a profit warning, expecting a net loss of no more than 3.5 million yuan in 2024.

TSAKER NE (01986) announced that the board of directors expects the group's net loss for the fiscal year ending December 31, 2024 to not exceed RMB 3.5 million, representing a decrease of approximately RMB 45.2 million compared to the fiscal year ending December 31, 2023, with the decrease not exceeding RMB 48.7 million, a decrease of no more than 107.7%. The decrease is mainly attributed to the decrease in the average unit selling price of the group's dye and agrochemical intermediate products in the fiscal year ending December 31, 2024, due to market fluctuations and changes in the sales mix of different priced products compared to the same period in 2023, resulting in a decrease in the gross profit of the dye and agrochemical intermediate segment and a significant adverse impact on the group's net profit. Despite the impact of the performance of the dye and agrochemical intermediate segment, the group expects to incur a net loss for the fiscal year ending December 31, 2024, but products in the dye and agrochemical intermediate segment continue to occupy a leading market position; products in the pigment intermediate and new materials segment continue to generate stable income and have strong profit-making capabilities; and the battery materials segment of the group also shows positive signs as the market recovers. With the gradual implementation of established market strategies in each business segment, the board of directors believes that the overall operation and financial condition of the group remain strong, and maintains an optimistic outlook on the group's long-term growth and development.