DONGGUANG CHEM announced its 2024 performance, with profit attributable to owners of the company amounting to HKD 84.605 million, a year-on-year decrease of 55.49%
DONGGUANG CHEM announced its 2024 performance, with revenue of approximately RMB 2.575 billion, a year-on-year decrease of 11.8%; profit attributable to shareholders was RMB 84.605 million, a year-on-year decrease of 55.49%; earnings per share were 13.6 cents. The decrease in revenue was mainly due to the decline in the average selling price of urea, with the average selling price of urea products during the reporting period being RMB 1,842 per ton, a decrease of approximately 15.9% compared to the previous year
According to the Zhitong Finance APP, Dongguang Chemical (01702) announced its 2024 performance, with revenue of approximately RMB 2.575 billion, a year-on-year decrease of 11.8%; the profit attributable to the company's owners was RMB 84.605 million, a year-on-year decrease of 55.49%; earnings per share were 13.6 cents.
The announcement stated that the decrease in revenue was mainly due to the decline in the average selling price of urea. During the reporting period, the average selling price of the group's urea products was approximately RMB 1,842 per ton, a decrease of about 15.9% compared to approximately RMB 2,189 per ton for the year ended December 31, 2023
