Dongyue Group Projects Subsidiary’s Profit

Dongyue Group Limited (HK:0189) has released an update.

Dongyue Group Limited has announced a preview of its non-wholly owned subsidiary, Dongyue Organosilicone’s estimated financial results, revealing a projected net profit of RMB 62-68 million for the half-year ended June 30, 2024. However, the company cautions shareholders and investors that these figures are based on internal records and not yet audited, and may not reflect the Group’s consolidated financial results. Dongyue Group is also in the midst of a strategic shift, exiting the real estate development business to focus on its core operations, which could lead to significant one-off impacts on its financials.

For further insights into HK:0189 stock, check out TipRanks’ Stock Analysis page.