Core Viewpoint - China Wantongyuan (06966) anticipates a significant shift from a profit of approximately RMB 7.28 million for the six months ending June 30, 2024, to a projected loss of between RMB 9 million and RMB 10 million for the six months ending June 30, 2025, primarily due to macroeconomic factors and cautious consumer spending [1] Financial Performance - The expected loss is attributed to a decline in cemetery sales prices and a decrease in demand for funeral services, leading to reduced sales revenue [1] - The company faces increased tax costs due to tax-related issues, including additional VAT and surcharges for prior periods following notifications from tax authorities [1] - The fair value of financial assets held by the company has also decreased, contributing to the projected losses [1] Operational Strategy - The reported losses are mainly due to one-time events related to increased tax costs and fair value impairments, which do not affect the core business operations [1] - The company plans to address macroeconomic challenges through a three-dimensional approach focusing on "geographical deepening, cost efficiency, and ecological construction" to develop the entire funeral industry chain [1] - The company aims to continuously optimize operational management while maintaining robust cash flow and financial structure for sustainable development [1]
中国万桐园(06966)发盈警 预期中期亏损总额约900万元至1000万元,同比盈转亏