Danhua Chemical Technology (600844.SH) forecasts a preloss, with an expected net loss of 307 million yuan for the year 2024.

Danhua Chemical Technology (600844.SH) has announced a forecast of a net loss of 3.07 billion yuan for the fiscal year 2024, compared to the previous year where they continued to incur losses. The company's production and operation activities for the current year have remained stable, with product sales similar to the previous year. Preliminary statistics show that the main product, ethylene glycol, had a production of 133,000 tons and sales of 127,300 tons, with a 12.69% increase in the average annual sales price. The second product, oxalic acid, had a production of 99,300 tons and sales of 97,700 tons, with a 19.28% decrease in the average annual sales price. Ethylene glycol prices saw a slight increase during the reporting period, but oxalic acid prices decreased, resulting in overall low product prices.