DONGGUANG CHEM(01702) issues profit warning, expected annual net profit to decrease by approximately 53% year-on-year.

date
18:37 04/03/2025
avatar
GMT Eight
Dongguang Chemical (01702) has announced that it expects the group's net profit for the year ending December 31, 2024 to...
DONGGUANG CHEM (01702) announced that it is expected that the group's net profit for the year ending December 31, 2024 will decrease by approximately 53% compared to the year ending December 31, 2023. The decrease in net profit is mainly due to a decrease in overall gross profit and gross profit margin. The decrease in overall gross profit and gross profit margin is primarily due to a decrease in revenue from the sale of the group's main product urea, mainly caused by a year-on-year decline in the average selling price of the product.