Dongyue's subsidiary Dongyue Silicon Materials sees average product prices decline, warning of a potential annual loss

DONGYUE GROUP (00189.HK) announced that its subsidiary Dongyue (300821.SZ) expects to incur a loss of between RMB 13.7 million and RMB 25.4 million for the fiscal year 2025, compared to a net profit of RMB 56.76 million in the previous year. During the year, affected by the market environment, the average price of the company's main products further declined, leading to a decrease in sales revenue and gross profit margin