SANVO CHEMICALS (00301) issues profit warning, expecting shareholders' attributable loss of about 31 million yuan in 2025.
Sanhe Petrochemical (00301) announced that it is expecting a net loss attributable to company owners of approximately 31 million RMB for the year ending December 31, 2025, while the audited net loss attributable to company owners for the year ending December 31, 2024 was approximately 20 million RMB. The main reasons for the increase in loss are impairment losses on trade receivables and an increase in sales and distribution expenses.
SANVO CHEMICALS (00301) announced that it is expected to incur a loss of approximately RMB 31 million for the year ending December 31, 2025, for the Company's owners, while the audited loss for the year ending December 31, 2024, was approximately RMB 20 million. The increase in loss is mainly due to impairment losses on trade receivables, as well as an increase in sales and distribution expenses.
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