Dalipal Holdings warns of significant full-year loss

Dalipal Holdings (HKEX:1921) has issued a profit warning, projecting a full-year loss for the year ended December 31, 2024. The company expects the loss after taxation to be no more than RMB80 million, a stark contrast to the RMB134.52 million profit reported for the previous year. While operating conditions improved in the second half, with losses narrowed compared to the first half, the full year is expected to be significantly impacted. Reasons cited include industry-wide imbalances between supply and demand, declining product prices, stable raw material costs, and substantial initial investments in a Middle East development strategy. The company cautions that the figures are based on a preliminary assessment of unaudited management accounts and subject to further review. Dalipal Holdings advises shareholders and potential investors to exercise caution when dealing in the company's shares.