Henan Jinyuan Hydrogenated Chemicals Co., Ltd. Class H ( (HK:2502) ) has provided an update.
Henan Jinyuan Hydrogenated Chemicals Co., Ltd. has issued a profit warning, anticipating a significant 56% decline in its total comprehensive income for 2024 compared to 2023. This decrease is attributed to a mismatch in the price changes of its primary product, hydrogenated benzene-based chemicals, and its raw material, crude benzene, which experienced a 12% price increase compared to an 8% rise in the product price.
More about Henan Jinyuan Hydrogenated Chemicals Co., Ltd. Class H
Henan Jinyuan Hydrogenated Chemicals Co., Ltd. is a joint stock company based in the People’s Republic of China, primarily engaged in the production of hydrogenated benzene-based chemicals. The company operates within the chemicals industry, focusing on products derived from crude benzene.
YTD Price Performance: -25.93%
Average Trading Volume: 232,771
Technical Sentiment Consensus Rating: Strong Buy
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