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Express News | Dongguang Chemical FY Revenue RMB 2,575.4 Million
DONGGUANG CHEM: ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
DONGGUANG CHEM (01702.HK) intends to hold a Board of Directors meeting on March 26 to approve the annual performance.
On March 14, Gelonghui reported that DONGGUANG CHEM (01702.HK) announced that the Board of Directors meeting will be held on March 26, 2025 (Wednesday) to consider and approve the announcement of the consolidated annual performance of the company and its subsidiaries for the year ending December 31, 2024, as well as to consider the proposed final dividend (if any).
DONGGUANG CHEM (01702.HK) expects its annual net profit to decrease by approximately 53%.
On March 4, Gelonghui reported that DONGGUANG CHEM (01702.HK) announced that it expects its net profit for the fiscal year ending December 31, 2024, will decrease by about 53% compared to the year ending December 31, 2023. The group's net profit decrease is mainly due to the overall decline in gross profit and gross margin. The decline in overall gross profit and gross margin is primarily due to the decrease in revenue from the sale of the group's main product, urea, mainly caused by the year-on-year decline in the average selling price of the product.
Express News | Dongguang Chemical Ltd Sees Decrease in Net Profit by About 53% for Year
DONGGUANG CHEM: PROFIT WARNING
