The semi-annual performance of Sanyou Chemical in 2023 is expected to be reduced by nearly 80 percent

On July 13, Tangshan Sanyou Chemical Co., Ltd. issued a semi-annual performance reduction announcement for 2023. The

announcement shows that Tangshan Sanyou Chemical Co., Ltd. expects to achieve a net profit of about 150 million yuan attributable to shareholders of listed companies in the first half of 2023, which will decrease by about 580 million yuan and 79% compared with the same period last year (statutory disclosure data).

It is estimated that the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses will be about 149 million yuan in the first half of 2023, which will be about 580 million yuan less than same period last year (statutory disclosure data), and about 80% less than same period last year. The net profit

attributable to the shareholders of the listed company was 729.8786 million yuan, and the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 729.3856 million yuan. The decrease in the performance of the

current period is mainly affected by the main business. In the first half of 2023, affected by unfavorable factors such as insufficient domestic and foreign demand and the launch of new production capacity in the industry, the prices of the company's leading products decreased to varying degrees compared with the same period last year, among which the prices of silicone and PVC products decreased significantly year on year, resulting in a significant decline in the company's operating results.