Yaopi Glass issued a pre-loss announcement with an estimated loss of 100 million yuan.

Yaopi Glass (600819.sh) disclosed a loss forecast announcement for the first half of 2023, predicting that the net profit attributable to the owner of the parent company in the first half of 2023 will be about -100 million yuan, which is expected to show a loss compared with the same period last year. It is estimated that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses in the first half of 2023 will be about -120 million yuan. In the first half of

2023, the main reason for the loss of the main business was that the demand of the downstream real estate industry of the company's float glass business sector was still weak, the sales volume of float glass declined, the inventory continued to accumulate, and the average sales price was lower than that of the same period last year; At the same time, the prices of major raw materials and fuels were at a high level. Although they began to fall in the latter part of the second quarter, the rate of glass inventory depletion was relatively slow, the average inventory cost was still higher than that of the same period last year, and the profit margin was squeezed in both directions, resulting in a loss of the company's net profit.