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DONGGUANG CHEM: Interim Report 2024
CICC: Global potassium fertilizer production capacity is limited, bullish on the industry's outlook.
In 2024, the contract price for imported potash fertilizer is CFR $273 per ton, and the corresponding domestic market price including taxes is estimated to be around 2,300 yuan per ton. Considering the support role of the contract price of potash fertilizer and the subsequent gradual entry into the peak season for fertilizer use, I am bullish on the maintenance of a prosperous domestic potash fertilizer price.
dongguang chem (01702.HK) first-half net profit increased by about 20.5% to 89.8 million yuan
On August 27th, Geelong announced that Dongguang Chem (01702.HK) successfully implemented multiple strategies in the first half of 2024, despite facing various market challenges, to maintain competitiveness and growth potential, and achieved robust performance, demonstrating strong market performance and technical strength. The group's net profit increased by approximately 15.3 million RMB or 20.5% to approximately 89.8 million RMB for the reporting period, compared to approximately 74.5 million RMB for the six months ended June 30, 2023. The increase in net profit was mainly due to an increase in overall gross profit and gross margin, which was mainly due to a decrease in raw material costs.
DONGGUANG CHEM: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Dongguang Chem (01702.HK) held a board of directors meeting on August 27th to review and approve the announcement of its interim performance.
Dongguang Chem (01702.HK) announced on August 15 that the board of directors meeting will be held on Tuesday, August 27, 2024, to consider and approve the unaudited consolidated financial statements of the company and its subsidiaries for the six months ended June 30, 2024, as well as to consider the payment of interim dividends (if any).
Dongguang Chem (01702): Wang Chunmeng was appointed as the chairman and the chairman of the nomination committee.
Dongguang Chem (01702) announced that as of June 26, 2024, Wang Zhihe has resigned as chairman and supervisor...
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