SG Automotive forecasts RMB 12.5-15bn half-year loss
Liaoning SG Automotive Group forecasts a net loss of RMB 12.5-15 billion for the first half of 2025, primarily due to lower-than-expected sales and insufficient capacity utilization that failed to cover fixed costs.
The company announced an additional RMB 6.7 billion guarantee for controlling subsidiary Dandong Huanghai Automobile, bringing total guarantees to RMB 32 billion. Dandong Huanghai's asset-liability ratio exceeded 70% as of December 31, 2024.
Total approved guarantee limits for 2025 reach RMB 160 billion, representing 119% of the company's latest audited net assets.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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