YCIH Green high-performance concrete issues profit warning

YCIH Green High-Performance Concrete Company Limited (HKEX: 1847) has issued a profit warning, anticipating a net loss of approximately RMB 115.6 million for the year ended December 31, 2024. This is a substantial increase compared to the restated net loss of RMB 28.6 million for the previous year. The expected loss is primarily attributed to a 49.6% decrease in commercial concrete sales volume, leading to a 50% decline in total operating income and a 79.6% drop in gross profit. Additionally, the company cited an increase in impairment of trade receivables by approximately RMB 30.7 million as contributing to the downturn.