Dongyue Group Limited issued a profit warning, forecasting that net profit for the year ended December 31, 2023 will be significantly reduced by approximately 82% compared to the previous year. The decline was mainly due to a decrease in the market price of the Group's main products and changes in raw material prices that failed to offset the decrease in net profit. This forecast is based on unaudited consolidated management accounts and preliminary reviews of existing data. The Dongyue Group stresses that actual results may differ from preliminary estimates and will issue a detailed annual results announcement before the end of March 2024. Company shareholders and potential investors should exercise caution. The announcement was made by the Chairman of the Company, Zhang Jianhong, on 12 March 2024.

Dongyue Group Limited issued a profit warning, forecasting that net profit for the year ended December 31, 2023 will be significantly reduced by approximately 82% compared to the previous year. The decline was mainly due to a decrease in the market price of the Group's main products and changes in raw material prices that failed to offset the decrease in net profit. This forecast is based on unaudited consolidated management accounts and preliminary reviews of existing data. The Dongyue Group stresses that actual results may differ from preliminary estimates and will issue a detailed annual results announcement before the end of March 2024. Company shareholders and potential investors should exercise caution. The announcement was made by the Chairman of the Company, Zhang Jianhong, on 12 March 2024.