Gelonghui August 7?Dongguang Chemical (01702.HK) announced that it is expected that the Group's net profit for the six months ended June 30, 2023 will be about 50% lower than that for the same period in 2022.
The decrease in Group net profit was mainly due to the decline in overall gross profit and gross profit margin. The decrease in overall gross profit margin and gross profit margin was mainly due to a decrease in revenue from the sale of urea, the Group's main product, mainly due to a year-on-year decline in the average selling price of the related products.