Shanghai Jiao Yun Group Co.,Ltd. (600676.SH) announced that, based on preliminary calculations by the company's finance department, it expects the net profit attributable to shareholders of the listed company to be negative for the 2025 fiscal year, indicating the company's operating performance will record a loss.
The primary reasons for the anticipated loss are as follows: the company's road freight and logistics services segment continues to be impacted by intense competition in the highway freight market, placing significant pressure on its main business operations, leading to a decline in both business volume and operating revenue; coupled with relatively fixed costs, this has resulted in a decrease in gross profit margin, which in turn has adversely affected the company's overall profits.
Additionally, the company's passenger vehicle sales and automotive after-sales services segment has been affected by a substantial decline in the production, sales, and profitability of traditional fuel vehicles; this has been transmitted to the segment's sales business, which primarily deals with traditional fuel vehicle brands, causing a situation where the purchase cost exceeds the sales price, leading to a decrease in the gross profit margin of the vehicle sales business and further impacting the company's profitability.
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