HK Stock Market Move | DONGYUE GROUP (00189) opened more than 8% higher. Shandong Dongyue Silicone Material expects its first-quarter net profit attributable to shareholders to increase by 397.02% to 451.34% year-on-year.

DONGYUE GROUP(00189) opened more than 8% higher, rising 8.72% as of the press time to HK$12.1, with a turnover of HK$4.5496 million. On the news front, on April 8th, DONGYUE GROUP announced that its non-wholly owned subsidiary, Shandong Dongyue Silicone Material, is expected to achieve a net profit attributable to shareholders of RMB 183 million to RMB 203 million for the quarter ending March 31, 2026, an increase of 397.02% to 451.34% year-on-year. The net profit after deducting non-recurring gains and losses is expected to be RMB 205 million to RMB 225 million, a year-on-year increase of 424.02% to 475.14%. UBS previously stated that looking ahead to 2026, it is expected that the profitability of DONGYUE GROUP's polymer and organic silicon business will rebound, while the profitability of its refrigerant business is expected to remain at a high level.