Tiande Chemical (00609) issued an announcement that it is expected that for the year ended December 31, 2023 (fiscal year),...
According to the Zhitong Finance App, Tiande Chemical (00609) issued an announcement. It is expected that for the year ended December 31, 2023 (fiscal year), the net profit attributable to company owners will drop by about 77% compared to the same period last year. The decline in net profit was mainly due to the challenging macroeconomic environment and worsening market conditions during the fiscal year, which led to a sharp drop in the sales price of the Group's products. As a result, the Group's turnover and gross margin declined sharply.