Letong Chemical (002319.SZ) announced that the company is expected to report a net loss of 120 to 180 million yuan attributable to shareholders of listed companies in the first half of 2024, a year-on-year loss from profit.
The main reasons for the operating losses in the first half of 2024 include: 1) the decline in gross margin of the company's ink business due to the intensification of competition in the ink industry, product price adjustments, and fluctuations in some raw material prices; 2) an increase in the provision for bad debts calculated according to sales income in the first half of 2024.