Zhangzidao Group anticipates losses in first quarter 2025

Zhangzidao Group (SZSE:002069) forecasts a net loss of between CNY 1 million and CNY 2 million for the first quarter of 2025, according to a preliminary announcement. The company attributes the anticipated losses to ongoing market volatility and industry competition, despite efforts to enhance sales of premium seafood products and expand into new markets. Excluding non-recurring items, the projected loss is between CNY 2 million and CNY 3 million. The company is focused on cost-cutting measures and streamlining operations to improve efficiency. This follows an announcement adjusting the company's 2024 performance forecast due to further analysis and adjustments, including increased long-term asset impairment provisions. In 2024, the company expects a net loss attributable to shareholders of CNY 2.187 million, with shareholders equity standing at CNY 5.173 million.