An update from Ko Yo Chemical (Group) Limited ( (HK:0827) ) is now available.
Ko Yo Chemical (Group) Limited has issued a profit warning, indicating a significant increase in net loss for the year ending December 31, 2024, compared to the previous year. The anticipated net loss is approximately RMB434 million, up from RMB152 million in 2023, largely due to a decrease in gross profit margins and ongoing trial operations at their Electronic Materials Plant. The average gross profit margin dropped from 10.9% in 2023 to an expected 1.3% in 2024, exacerbated by lower selling prices of chemical products and fertilizers. Stakeholders are advised to exercise caution as the financial figures are preliminary and subject to adjustments.
More about Ko Yo Chemical (Group) Limited
Ko Yo Chemical (Group) Limited is a company incorporated in the Cayman Islands, primarily engaged in the production of chemical products and fertilizers. The company is focused on the chemical industry and operates a subsidiary plant, the Guangan Ko Yo Electronic Materials Plant, which is currently in the trial run stage.
YTD Price Performance: -20.0%
Average Trading Volume: 1,525,571
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$211M
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