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DONGYUE GROUP (00189) saw its shares climb more than 3% intraday, and as of publication, the stock was up 2.07% at HK$10.86, with a turnover of HK$83.3302 million.
DONGYUE GROUP released last night a profit forecast for the first three quarters of 2026 from its non-wholly-owned subsidiary Shandong Dongyue Silicone Material Co.,Ltd. (300821). Dongyue Silicone expects to achieve a net profit attributable to shareholders of the listed company of RMB 547 million to RMB 567 million for the first three quarters, representing a year-on-year increase of more than 190 times. In the same period last year, net profit was RMB 2.8567 million.
Discussing the reasons for the substantial profit increase, Dongyue Silicone said that in the first three quarters of 2026, driven by improvements in the market environment and the industry supply-demand pattern, the prices of the company's main products rose. On the raw material side, the procurement price of industrial silicon declined year-on-year, while the prices of methanol and methyl chloride increased year-on-year. Overall unit production costs decreased somewhat, and the comprehensive gross margin improved.