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Weihua New Materials Forecasts 2024 Net Profit Drop of 44.75%-51.96%
2025-01-15
Weihua New Materials anticipates a decline in its net profit for 2024, estimating a reduction of between 44.75% and 51.96%, corresponding to a range of 240 to 276 million yuan. This anticipated drop is primarily attributed to cyclical fluctuations within the industry, characterized by lower product market prices and heightened competition, which have collectively led to a substantial narrowing of the company's profit margins.
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