Hangjin Technology recently disclosed its semi-annual performance forecast. It expects to achieve a net profit attributable to shareholders of listed companies in the first half of this year of 50 million to 70 million yuan, a year-on-year decrease of 59.18% to 70.84%; it is expected to achieve a net profit after deducting non-recurring gains and losses in the first half of the year. 50 million to 70 million yuan, a year-on-year decrease of 55.05% to 67.89%.

  In the first quarter of this year, Hangjin Technology's performance showed a continued downward trend. In the first three months, the company achieved operating income of 823 million yuan, a year-on-year decrease of 21.51%, and achieved net profit attributable to shareholders of listed companies of 12.4973 million yuan, a significant decrease of 86.16% year-on-year; net profit after deducting non-recurring profits and losses was 5.7879 million yuan, a year-on-year decrease of more than 90%.

  Regarding the fact that its performance in the first half of the year continued to decline significantly year-on-year, Hangjin Technology stated in its performance forecast that first, the demand for chemical products was weak, and the average selling price dropped significantly compared with the same period last year; second, the demand in the military products industry fluctuated, and the bargaining power of downstream users improved.