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An update from Tiande Chemical Holdings Limited ( (HK:0609) ) is now available.
Tiande Chemical Holdings Limited announced a significant profit warning, expecting a decrease in profit attributable to owners by approximately 70% for the year ending December 31, 2024, compared to the previous year. This decline is largely due to a substantial decrease in gross profit and margin, attributed to a significant drop in the selling prices of its products amid a market downturn. The financial results are based on preliminary unaudited accounts, and the actual results may differ.
More about Tiande Chemical Holdings Limited
Tiande Chemical Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the chemical industry. It focuses on producing and selling chemical products.
YTD Price Performance: -1.75%
Average Trading Volume: 181,872
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$982.7M
Learn more about 0609 stock on TipRanks’ Stock Analysis page.