DongFeng Automobile (SHA:600006) projected an up to 88% decline in 2024 profit amid stiff market competition and pricing pressure as well as the write-off of bad debt receivables.
The automaker expected attributable net profit to range between 25 million yuan and 33 million yuan in 2024, down from 200.0 million yuan the previous year, according to a Tuesday filing with the Shanghai bourse.
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