DONGYUE GROUP (00189) is currently down over 4%. As of press time, the stock declined 4.41% to HK$11.91, with a trading volume of HK$125 million.

On the news front, DONGYUE GROUP announced that its non-wholly owned subsidiary Shandong Dongyue Silicone Material Co.,Ltd. (300821.SZ) expects its net profit for the first three quarters to decline by approximately 96.27% to 97.40% year-on-year. Net profit excluding non-recurring gains and losses is expected to decrease by approximately 87.10% to 88.14% year-on-year.

During the period, the company's main product sales revenue and gross profit margin declined due to the volatile downward trend in organic silicon product prices. Additionally, production suspension losses caused by a fire accident at the synthesis phase III unit B had an adverse impact on performance.