Shenghe Resources: net profit in 2023 to decrease by 75.53% to 81.17% amid lower price of major rare earth products and the relative weakness of zirconium and titanium prices
- Feb 01, 2024, at 11:47 am
The 2023 annual performance forecast released by Shenghe Resources shows: According to preliminary calculations by the financial department, the net profit attributable to the owners of the parent company is expected to be 300 million yuan to 390 million yuan in 2023, down 75.53% to 81.17% compared with the same period last year. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses in 2023 will be 225 million yuan to 315 million yuan, down by 79.80% to 85.57%.