Summary by Futu AI
Dongyue Group Co., Ltd. ("the Company") announced insider information on July 8, 2024, stating the expected performance of its non-wholly-owned subsidiary, Shandong Dongyue Organic Silicon Material Co., Ltd. ("Dongyue Silicon"). According to the announcement, Dongyue Silicon expects to achieve a net profit attributable to shareholders of CNY 62 million to CNY 68 million for the first half of 2024 ending on June 30, 2024, with a net profit after deducting non-recurring gains and losses expected to be between CNY 66 million and CNY 72 million. The Company reminds shareholders and potential investors that the forecast has not been audited or reviewed by an external auditor, and may not reflect the overall performance of the Group. The Company has withdrawn from real estate development business and focused on its main business, which is expected to have a one-time impact on its performance. The Group's half-year review work is currently underway, and shareholders and potential investors are advised to pay attention to the official performance announcement to be released in late August 2024.