Henan Jinyuan Hydrogenated Chemicals Co., Ltd. Class H (HK:2502) has released an update.
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Henan Jinyuan Hydrogenated Chemicals Co., Ltd. warns of a 40% drop in comprehensive income for the first half of 2024 compared to the previous year, citing narrower gross profit margins on their main product due to uneven price increases between hydrogenated benzene-based chemicals and crude benzene. The company advises shareholders and potential investors to exercise caution when dealing in its shares. Detailed financial information will be released in the upcoming interim results announcement by the end of August 2024.
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