Tiande Chemical Projects Sharp Profit Decline

Tiande Chemical Holdings Limited (HK:0609) has released an update.

Tiande Chemical Holdings Limited has issued a profit warning, anticipating a significant decrease in profits by approximately 75% to 78% for the first half of 2024 compared to the same period last year, primarily due to a drop in selling prices amid an economic downturn. The company’s preliminary assessment suggests profits will be between RMB36.0 million and RMB42.0 million, a stark contrast to the RMB166.1 million recorded previously. Shareholders and potential investors are cautioned to be prudent when dealing in the company’s shares.

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