A bull stock that has been on the rise

[shapanwwuopi]

Suddenly there was a bombshell! The 14-day winning streak of the big bull stock may be *ST, and it is "gambling" on mergers and acquisitions and restructuring

Consecutive days suddenly had a performance crash and may be delisted.

Today, the market trend was weak after yesterday's big rebound. Songfa shares fell by more than 8% at the opening, but have now rebounded. The share price fell slightly by 0.44% to 40.4 yuan per share, with a total market value of 5.016 billion yuan.

Yesterday evening, Songfa Group announced that investor data according to preliminary estimates by the company's financial department, the net profit attributable to the parent company in 2024 is expected to be -87 million to -62.25 million yuan, compared with a loss of 117 million yuan in the previous year; the net profit after deducting non-recurring items is -88.62 million to -63.41 million yuan, compared with a loss of 119 million yuan in the previous year.

Although it was still in the red, Songfa Group's loss last year narrowed compared with the previous year.

At the same time, Songfa Co., Ltd. expects its operating income in 2024 to be 254 million to 295 million yuan, compared with 206 million yuan in the previous year; the operating income after deducting business income unrelated to the main business and income that does not have commercial substance is 252 million to 293 million yuan, which is less than 300 million yuan.

According to the Shanghai Stock Exchange regulations, Songfa shares may be issued a delisting warning due to unsatisfactory performance after the official disclosure of the 2024 annual report, and the company's stock will be labeled *ST.

According to information, Songfa Co., Ltd. mainly deals in ceramic products such as household porcelain, customized porcelain, hotel porcelain, and ceramic wine bottles.

Regarding the main reasons for the expected loss, Songfa Group stated that the international market is still sluggish and the newly developed customers have not yet formed sales scale; the low-price competition of domestic e-commerce has squeezed the company's product profits.