Tongguan Copper Foil: Net loss for 2024 is expected to be between RMB 146 million and RMB 180 million

On January 21st, Jin10 Data reported that Tongguan Copper Foil is expected to incur a net loss of 146 million to 180 million yuan for the year 2024, compared to a profit of 17.2 million yuan in the same period last year. During the reporting period, the company's copper foil processing fee revenue significantly declined due to intensified competition in the industry and continued pressure on product prices, leading to a decrease in gross profit and impacting the company's profitability.

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