Dongyue Group (00189) announced results for the year ended December 31, 2023, with revenue of 14.493 billion...
According to Zhitong Finance App, Dongyue Group (00189) announced its annual results for the year ended December 31, 2023, with revenue of 14.493 billion yuan (RMB, same below), down 27.6% year on year; profit attributable to company owners was 708 million yuan, down 81.6% year on year; basic profit per share was 0.32 yuan, and a final dividend of HK$0.10 per share was proposed.
During the review period, the prosperity of the fluorosilicon chemical industry was low, supply and production capacity for some products increased, while the increase in downstream demand did not meet expectations, leading to a marked decline in the prices of many major products in the industry. As a result, the performance of several major business segments of the Group declined to varying degrees.
Despite a marked decline in performance this year, the Group still maintains a certain level of R&D intensity based on the fluorosilicon chemical industry chain. During the year, the Group added 101 new brand products, and a large number of new high-end material products entered the market sample or small-batch supply stage, laying a good foundation for the Group to enhance its industrial height and competitiveness; completed 148 new renovation and expansion, energy saving and emission reduction, automation upgrading, and quality improvement projects. Technological innovation also promoted the Group's cost reduction and efficiency; 81 new authorized patents were added. Currently, a total of 620 authorized patents; 22 standards have been issued, including 2 national standards, 2 industry standards, 1 local standard, and 17 group standards. item. The Group's R&D expenditure during the review period was approximately RMB 935 million, accounting for 6.45% of revenue.