Understanding the Market | Dongyue Group fell over 7% again, with a cumulative drop of more than 16% this week. Its subsidiary Dongyue's net profit for the first three quarters may have declined by as much as 97.4%
DONGYUE GROUP fell more than 7% again, with a cumulative decline of over 16% this week. As of the time of writing, it dropped 5.89% to HKD 10.54, with a trading volume of HKD 401 million. In terms of news, DONGYUE GROUP previously announced that its non-wholly-owned subsidiary Dongyue is expected to see a net profit decline of approximately 96.27% to 97.40% year-on-year for the first three quarters; the net profit after excluding non-recurring gains and losses is expected to decline by approximately 87.10% to 88.14% year-on-year. During this period, the company's main product sales revenue and gross profit margin decreased due to the downward fluctuation of silicone product prices; and the operational losses caused by a fire incident in the synthesis phase B bed adversely affected performance
According to Zhitong Finance APP, DONGYUE GROUP (00189) has fallen over 7% again, with a cumulative decline of over 16% this week. As of the time of writing, it has dropped 5.89%, trading at HKD 10.54, with a transaction volume of HKD 401 million.
On the news front, DONGYUE GROUP previously announced that its non-wholly-owned subsidiary Dongyue (300821.SZ) is expected to see a net profit decline of approximately 96.27% to 97.40% year-on-year for the first three quarters; the net profit after deducting non-recurring gains and losses is expected to decline by approximately 87.10% to 88.14% year-on-year. During this period, the company's main product sales revenue and gross profit margin decreased due to the downward fluctuation of silicone product prices; and the operational losses caused by a fire incident in the synthesis phase B bed adversely affected performance
