HK Stock Market Move | DONGYUE GROUP (00189) rose more than 3% in the morning. Its subsidiary Shandong Dongyue Silicone Material is expected to increase its annual net profit attributable to shareholders by up to about 1.2 times compared to the previous year.

DONGYUE GROUP (00189) rose more than 3% in the morning, up 3.49% to HKD 8.59 by the time of publication, with a turnover of HKD 68.9173 million. On the news front, recently, DONGYUE GROUP announced that the net profit attributable to its shareholders of Shandong Dongyue Silicone Material by December 31, 2024 is expected to increase by about 119.18% to 122.87% year-on-year; the net profit after deducting non-recurring gains and losses is expected to increase by about 125.69% to 129.36% year-on-year. Guosen pointed out that the seriousness of the refrigerant quota policy will continue, and under the long-term strong constraints on the supply side, the continued optimism for the long-term prosperity of refrigerant products is expected, with prices still having significant room for further increase in the long term; corresponding second and third generation refrigerant quota leading companies are expected to maintain a high level of profitability in the long term. It is recommended to focus on fluorine chemical leading companies with complete industrial chains, complete infrastructure, leading refrigerant quotas, and advanced process technology as well as upstream resource leaders.