Songyang Resource forecasts continued losses for first half 2025

Guangdong Songyang Recycle Resources projects a net loss of between 52 million yuan and 40 million yuan for the first half of 2025.

The company attributes the anticipated losses to weak downstream demand, intense industry competition, and product prices falling below cost, resulting in negative gross profit margins.

This continues the trend from the first half of 2024, when Songyang reported a net loss of 60.02 million yuan.