ST Shuguang faces continued risk alert on shares

Liaoning SG Automotive Group (SSE:600303) announced its shares will continue to be subject to "other risk warnings" starting April 26, 2024, due to unresolved internal control issues and going concern uncertainties. Despite this, the company has been actively taking measures to address these concerns. Remediation efforts are ongoing, with some progress made. Key financial indicators, such as operating cash flow and net profit attributable to shareholders, have shown improvement compared to the previous year. The company forecasts a reduction in net losses for 2024, projecting a net loss attributable to shareholders ranging from -285 million to -340 million yuan, compared to a loss of 469.94 million yuan in the previous year. The company urges investors to pay attention to related announcements and make prudent decisions, being mindful of investment risks.