ST Shuguang warns investors amid continued losses, price volatility

Liaoning SG Automotive Group (ST Shuguang) has issued a risk warning to investors, citing continued financial losses and recent stock price volatility. The company reported a net loss attributable to shareholders of CNY -341 million for 2024, marking its fourth consecutive year of losses. The announcement follows a period of significant stock price increases, with the company's shares experiencing a cumulative deviation of over 12% in the three trading days leading up to April 14, 2025, and subsequent consecutive days of price limit increases.