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Tiande Chemical (00609.HK) exercised a total of 8 million shares through the purchase of share rights plan.
On July 8th, Gelunhui reported that Tiande Chemical (00609.HK) announced that on July 5, 2024, it exercised its share purchase plan to issue a total of 8 million new shares.
China International Capital Corporation: The internationalization level of domestic chemical industry leading enterprises is relatively low, and the route of capacity going abroad is a must.
Exporting production capacity is an important way for Chinese chemical enterprises to promote international development, expand markets, and achieve win-win cooperation, and it is also a necessary path for excellent Chinese chemical enterprises to further grow and strengthen.
Tiande Chemical Flags Up to 78% Decline in H1 Profit
Tiande Chemical (00609.HK) issued a profit warning, expecting a year-on-year decrease of 75% to 78% in net profit for the year.
Tiande Chemical (00609.HK) announced on June 21st that during the six-month period ending on June 30, 2024 (the "financial period"), the net profit attributable to shareholders of the company is expected to be between approximately RMB 36 million and RMB 42 million. Compared with the same period last year, the net profit attributable to shareholders of the company decreased by about 75% to 78%, which mainly due to the overall economic downturn during the financial period, which resulted in a further decline in the selling price of the group's products. Therefore, the gross profit and gross profit margin of the group have declined significantly.
Express News | Tiande Chemical - Expected Result Due to Decline of Selling Prices of Products of Group
Express News | Tiande Chemical Sees Profit Attributable Range of RMB36.0 Mln to RMB42.0 Mln for Six Months
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