Royal Group forecasts 7m yuan loss amid competition
Royal Group forecasts a net loss of 3.5 million to 7 million yuan for the first half of 2025, reversing from a 1.28 million yuan profit in the same period last year.
The company attributes the decline to intensified industry competition, severe price wars, and dropping operating revenue. Despite efforts to optimize marketing and close unprofitable units, market competition and cost pressures impacted performance.
Non-recurring income, primarily government subsidies, is estimated to contribute 16.8 million yuan to net profit.
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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