On January 26, Shanshan Co., Ltd. issued a preliminary announcement regarding its estimated performance for 2024, projecting an annual operating revenue in the range of RMB 18 billion to 19 billion. Nonetheless, the company expects to incur a net loss attributable to shareholders of the listed company, ranging from RMB 480 million to 320 million, marking a notable shift from profitability to a loss year-on-year. Excluding non-recurring profits and losses, the net profit is anticipated to fall further, with a projected loss of RMB 900 million to 750 million.
