Dongyue's subsidiary Dongyue Silicon Materials warns that net profit for the first nine months has decreased by 96%-97%
DONGYUE GROUP (00189.HK) announced that its subsidiary Dongyue (300821.SZ) issued a profit warning, expecting the net profit attributable to shareholders for the nine months ending in September to be between RMB 2.3 million and RMB 3.3 million, a year-on-year decline of 96.3%-97.4%. During this period, the company’s main product sales revenue and gross profit margin decreased due to the downward fluctuation in the prices of silicone products; and the operational losses caused by a fire incident in the synthetic phase B bed adversely affected performance
