Zhitong Finance App News, Societe Generale New Materials (08073) issued an announcement. Compared with the loss attributable to the company owner of approximately RMB 13 million for the year ended December 31, 2022, the Group is expected to obtain a loss attributable to the company owner of approximately RMB 39 million in the year ended December 31, 2023.

The Board believes that the continued losses are mainly due to the slow recovery of the overall business environment, which has led to the late recovery of trade receivables from some customers. Therefore, it is expected that this year's trade receivables will accrue impairment losses.