On July 14, 2023, Hubei Yihua (000422) recently released its semi-annual results forecast for 2023. It estimates that the net profit attributable to shareholders of listed companies from January to June 2023 will be 240 million yuan to 270 million yuan, a year-on-year decrease:83.79% to 85.59%.
In the first half of 2023, due to fluctuations in macroeconomic and downstream market demand, the market prices of the company's main products, diammonium phosphate, urea, polyvinyl chloride and some fine chemical products, continued to fall. Some subsidiaries orderly arranged annual routine stoppages and maintenance, production and sales have declined, and the profitability of related products has weakened. In order to actively respond to cyclical product market price fluctuations, the company continues to optimize production processes, finely adjust product structures, strictly controls costs, energy conservation and consumption reduction, accelerates project construction, and promotes industrial transformation and upgrading. Source: Digbei.com