Tsaker New Energy Tech (HKG:1986) expects a net loss of up to 3.5 million yuan for 2024, compared with a profit of about 45.2 million yuan a year ago, according to a Monday filing with the Hong Kong Bourse.
The company attributed the projected swing to loss to lower average selling prices of dye and agricultural chemical intermediates in 2024.
The company's shares were down almost 8% in the recent trading.
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