China BlueChemical (HK:3983) has released an update.
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China BlueChemical Ltd. has issued a profit alert, notifying shareholders and potential investors of an expected decrease in net profit, estimating it to be between RMB 670 to 700 million for the first half of 2024, compared to RMB 1,715 million in the same period of 2023. This anticipated drop is attributed to lower urea sales and a decline in the prices of key products such as phosphate and compound fertilizers. Investors are advised to exercise caution when dealing with company securities.
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