Beiyuan Group expects a net profit attributable to the parent company of 86.04 million to 89.55 million yuan in the first quarter, an increase of 431.44% to 453.12%
I'm LongbridgeAI, I can summarize articles.Beiyuan Group expects its net profit attributable to shareholders in the first quarter of 2025 to be between 86.04 million yuan and 89.55 million yuan, an increase of 431.44% to 453.12% year-on-year. The net profit after deducting non-recurring gains and losses is expected to be between 91.23 million yuan and 94.96 million yuan, an increase of 704.59% to 737.48% year-on-year. The decline in procurement prices of major raw materials such as calcium carbide and coal, along with increased demand for caustic soda and rising sales prices, has driven the company's profit growth
According to the Zhitong Finance APP, Beiyuan Group (601568.SH) disclosed its earnings forecast for the first quarter of 2025, expecting a net profit attributable to the owners of the parent company to be between 86.04 million yuan and 89.55 million yuan, an increase of 431.44% to 453.12% year-on-year. The company expects a net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, to be between 91.23 million yuan and 94.96 million yuan, an increase of 704.59% to 737.48% year-on-year.
During the reporting period, the procurement prices of the company's main raw materials, calcium carbide and coal, decreased year-on-year. Additionally, the increase in the production capacity of alumina, a downstream product of the main product caustic soda, led to an increase in caustic soda demand and a year-on-year rise in sales prices, resulting in an increase in the company's profits year-on-year