Jiangsu Eastern Shenghong Forecasts Swing to Loss in 2024

MT Newswires Live

01-31

Jiangsu Eastern Shenghong (SHE:000301) projected a swing to loss in 2024 due to fluctuations in international crude oil prices and weak downstream demand in the petrochemical industry.

Attributable net loss is expected to range between 2.0 billion yuan and 2.4 billion yuan in 2024, compared with a profit of 717.0 million yuan the previous year, according to a filing with the Shenzhen bourse.

The company produces civil polyester filaments and is also involved in the power and heat generation and supply, commercial property leasing and real estate development businesses.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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