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China Sanjiang Chemical Industries announces a profit and expects a year-on-year increase of over 400% in the first half of the year for shareholders' attributable net profits, exceeding 0.15 billion yuan.
China Sanjiang Chemical (02198) released a statement stating that the group is expected to earn more than RMB 0.15 billion of net profit attributable to equity holders for the six months ended on June 30, 2024, while the group will earn a net profit attributable to equity holders of approximately RMB 26 million for the six months ended on June 30, 2023, an increase of over 400% compared to the same period in 2023. The announcement stated that the expected increase in net profit attributable to equity holders is mainly due to: the improvement in pricing of certain products; and the group's new production facility - the sixth phase of the epoxyethane/ethylene glycol production facility with an annual output of 1 million tons, along with its supporting ...
China Sanjiang Expects Over 400% Profit Surge
China Sanjiang Chemical (02198.HK) is pleased to announce that it expects its mid-term net profit to exceed 1.5 billion yuan, a year-on-year increase of over 400%.
China Sanjiang (02198.HK) announced on July 25th that the group is expected to have a net profit attributable to equity holders of over RMB 0.15 billion for the six months ending June 30, 2024. For the six months ending June 30, 2023, the group recorded a net profit attributable to equity holder of approximately RMB 26 million, an increase of more than 400% compared to the same period in 2023. The expected increase in net profit attributable to equity holders is mainly due to: 1) the improved pricing of some products; and 2) the group's new production facility - the sixth phase of the production facility for 1,000,000 tons of epoxy ethane.
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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.
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