Core Viewpoint - Dongyue Group's stock has dropped over 4% following the announcement of a significant decline in net profit for its subsidiary, Dongyue Silicon Materials, due to falling prices of silicone products and operational disruptions from a fire incident [1]. Financial Performance - Dongyue Silicon Materials expects a net profit decline of approximately 96.27% to 97.40% year-on-year for the first three quarters [1]. - The net profit, excluding non-recurring gains and losses, is anticipated to decrease by about 87.10% to 88.14% year-on-year [1]. Market Impact - The company's main product sales revenue and gross margin have decreased due to the volatility in silicone product prices [1]. - The stock price of Dongyue Group has fallen to 11.91 HKD, with a trading volume of 125 million HKD at the time of reporting [1].
港股异动 | 东岳集团(00189)现跌超4% 有机硅产品价格下行 附属东岳硅材前三季度纯利下滑最多97%