The ceramic industry listed company Smic Ceramics released three quarterly reports that the company recorded a loss of 97.13 million yuan in the first three quarters, including a loss of 31.83 million yuan in the third quarter. The company also expects a total annual loss of approximately 178 million yuan to 183 million yuan, after deducting the amount of losses from January to September, it is estimated that the fourth quarter loss is about 83 million yuan, of which about 50 million yuan loss is mainly to replace old products, is expected to clean up Corresponding fixed assets and loss of provisions for loss of loss of competitive old inventory.

For the loss for the whole year, the company explained that due to the fact that the company has not continuously launched new products that can lead the market in recent years, the aging of the products has become increasingly serious, coupled with the strengthening of home purchase restrictions and expansion of second- and third-tier cities, making the company The competitiveness of products has rapidly declined. Although the sales volume has increased slightly, sales prices have continued to decline, production costs have continued to rise, and sales costs have remained high.

It is worth mentioning that the company plans to invest about 1.05 billion yuan in Yifeng County, Jiangxi Province to jointly develop lithium-bearing clay mineral resources and finally has made new progress. In August this year, the company's wholly-owned subsidiary, Jiangxi Cimic Ceramics, increased its capital by 1.5 million yuan to obtain a 75% stake in the related company. In the third quarter, a total of 7 institutional investors went to the field to investigate the progress of the mine. Up to now, the above capital increase has been completed. Huaqiao Mining has obtained a new business license and has entrusted a qualified exploration company to own the mineral resources within the scope of the “Mining Permit” (Yifeng County, Huaqiao Town, Baishi Village) Shanshi Porcelain Mine) carries out detailed geological survey. At present, the geological detailed survey work is in progress.