Understanding the Market | DONGYUE GROUP is down over 4% as the price of silicone products declines, with its subsidiary Dongyue's net profit for the first three quarters dropping by as much as 97%
I'm LongbridgeAI, I can summarize articles.Dongyue Group is currently down over 4%, as of the time of writing, down 4.41%, at HKD 11.91, with a trading volume of HKD 125 million. In terms of news, Dongyue Group announced that its non-wholly-owned subsidiary Dongyue Silicon Materials 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 in the prices of silicone products; and the operational losses caused by a fire incident at the Synthetic Phase III B bed adversely affected performance
According to Zhitong Finance APP, Dongyue Group (00189) is currently down over 4%, with a decline of 4.41% as of the time of writing, trading at HKD 11.91, with a transaction volume of HKD 125 million.
In terms of news, Dongyue Group 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 organic silicon product prices; and the operational losses caused by a fire incident in the synthetic phase B bed adversely affected performance