HSST issued a profit warning, expecting a net profit of 270 million to 300 million yuan for the year 2024, a decrease of 51.32%-56.19%
I'm LongbridgeAI, I can summarize articles.HSST released its 2024 annual performance forecast, expecting a net profit of 270 million to 300 million yuan, a year-on-year decrease of 51.32%-56.19%. The main reason is the significant decline in the sales prices of soda ash and ammonium chloride. Although the prices of raw materials and fuels have decreased, the decline in costs is smaller than the decrease in sales prices, leading to a drop in profits
According to the Zhitong Finance APP, HSST (000707.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company to be between 270 million yuan and 300 million yuan, a year-on-year decrease of 51.32%-56.19%.
During the reporting period, the sales prices of the company's main products, soda ash and ammonium chloride, significantly decreased compared to the previous year. Although the prices of the company's main raw materials and fuel power also decreased compared to the previous year, the decline in costs was smaller than the decline in sales prices, resulting in a decrease in the company's profits during this reporting period