ST Shuguang warns investors of trading risks

Liaoning SG Automotive Group (SSE:600303) has issued a risk warning to investors following a fourth consecutive year of losses. The company reported a net loss attributable to shareholders of CNY -341 million for the 2024 fiscal year. While the company has applied to the Shanghai Stock Exchange (SSE) to remove the "other risk warning" designation on its shares on April 10, 2025, approval remains uncertain. Furthermore, the announcement highlights the company's struggles in a competitive automotive market, reporting sales of just 2,907 vehicles in 2024 and low capacity utilization, leading to operational pressures. Despite recent share price increases, the company urges investors to be aware of significant price volatility and exercise caution when trading.