On April 22, Yatai Group announced that it would apply to the Shanghai Stock Exchange for an extension of the 2025 annual report, which was originally scheduled to be disclosed on April 25, to April 29. The company said that the extension was to improve the preparation and review of the report and ensure the authenticity and accuracy of information disclosure.
On January 20, Yatai Group issued a performance forecast. According to the company's preliminary calculation, it is expected that the company's annual operating performance in 2025 will show a loss, and the net profit attributable to the owner of the parent company will be-1.6 billion yuan to-2.3 billion yuan.
Data show that Yatai Group has been losing money in the past 5 years. The loss is 1.254 billion yuan in 2021, 3.43 billion yuan in 2022, 3.947 billion yuan in 2023, 2.918 billion yuan in 2024 and 1.6-2.3 billion yuan in 2025. The accumulated loss is at least 13.149 billion yuan.
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