According to the Zhitong Finance App, Dingjide (603255.SH) disclosed the 2023 semi-annual report. The company achieved revenue of 378 million yuan, down 13.09% year on year; net profit of 40.14 million yuan, down 39.85% year on year; deducting non-net profit of 39.23%; and basic earnings per share of 0.3 yuan.
The change in performance was mainly due to a decrease in sales revenue during the reporting period and an increase in superimposed management expenses. At the same time, affected by the macroeconomic situation, the overall downward pressure on the chemical industry was strong, market demand fell, and product sales prices fell, resulting in a 2.80% year-on-year decline in the company's gross margin during the reporting period. In addition, the petrochemical technology company, which is implementing the high-end polyolefin POE project, has formed a core project team. The subsidiary Petrochemical Technology's management expenses such as employee remuneration and start-up expenses surged during the reporting period, resulting in a higher year-on-year decline in net profit than the year-on-year decline in operating income.