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Dongyue Group Limited ( (HK:0189) ) just unveiled an announcement.
Dongyue Group Limited has announced a positive profit alert, expecting a significant increase in profits for the year ending December 31, 2024, compared to the previous year. This growth is attributed to higher refrigerant prices due to government-imposed production quotas and increased demand in China, alongside successful cost control measures and restructuring efforts, including the disposal of certain equity interests and share buy-backs.
More about Dongyue Group Limited
Dongyue Group Limited is a company incorporated in the Cayman Islands, operating in the chemical industry with a focus on producing refrigerants and organosilicon materials. The company serves the market in the People’s Republic of China and has been actively involved in cost control and restructuring efforts to enhance profitability.
YTD Price Performance: 12.56%
Average Trading Volume: 13,479,620
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$15.35B
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