DONGYUE GROUP (00189) announces profit growth, expects the company's owner's profit to increase by over 100% compared to the previous year in 2025.
Dongyang Group (00189) announced that the group is expected to achieve a year-on-year growth of over 100% in its net profit attributable to owners by 2025. The significant increase in net profit is mainly due to the substantial price increases of several products in the group's refrigerant division, as well as the group's strict cost and expense control. In addition, the aforementioned profit growth has taken into account the fact that the group will gradually shut down two old power plants as required by policies starting in 2025, resulting in a significant increase in impairment losses compared to the previous year, which will have a negative impact on the group's net profit.
DONGYUE GROUP (00189) announced that the group expects the net profit attributable to the owners of the company to increase by over 100% compared to the previous year by 2025. The significant increase in net profit is mainly due to the large price increases in various products of the group's refrigerant division, as well as the group's strict control of costs and expenses. In addition, the aforementioned increase in net profit has taken into account the fact that the group will gradually shut down two old power plants as required by policies in 2025, resulting in a significant increase in asset impairment losses year-on-year and negatively impacting the group's net profit.
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