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Dongguang Chemical Ltd. ( (HK:1702) ) just unveiled an update.
Dongguang Chemical Ltd. has issued a profit warning, indicating an expected 53% decrease in net profit for the year ending December 31, 2024, compared to the previous year. This decline is attributed to a reduction in overall gross profit and gross profit margin, primarily due to a decrease in revenue from urea sales caused by a drop in its average selling price. Stakeholders are advised to exercise caution when dealing with the company’s shares.
More about Dongguang Chemical Ltd.
Dongguang Chemical Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the chemical industry with a focus on the production and sale of urea.
YTD Price Performance: -14.65%
Average Trading Volume: 25,600
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.05B
For an in-depth examination of 1702 stock, go to TipRanks’ Stock Analysis page.