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 authority notifications regarding additional reassessed value-added tax and surcharges for prior periods [1] - The fair value of financial assets held by the company has also decreased, contributing to the projected losses [1] Business Strategy - The losses are mainly due to one-time events related to increased tax costs and fair value impairment of financial assets, which do not affect the core operations of the company [1] - The company plans to continue its development along the entire funeral industry chain through a strategy focused on "geographical deepening, cost efficiency, and ecological construction" to address macroeconomic challenges [1] - The company aims to optimize operational management while maintaining robust cash flow and financial structure to ensure stable, coordinated, and sustainable development [1]
中国万桐园发盈警 预期中期亏损总额约900万元至1000万元，同比盈转亏