China Rare Earth Resources and Technology (SHE:000831) expects to swing to an attributable loss of between 267.4 million yuan and 357.4 million yuan in 2024, according to a Shenzhen Stock Exchange filing on Jan. 17.
Loss per share will be between 0.25 yuan and 0.34 yuan.
The Chinese rare earth products manufacturer attributed the forecast to a drop in rare earth products amid a cyclical period, increasing the company's impairment provision, the filing said.
The attributable profit a year ago was 417.7 million yuan or 0.42 yuan per share.
Shares of the company slipped more than 2% in recent trade.
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