On January 26, Gelonghui Co., Ltd. (600596.SH) announced that according to preliminary estimates by the company's finance department, net profit attributable to shareholders of listed companies is expected to be 140 million yuan to 170 million yuan in 2023. Compared with 2955.45826 million yuan in the same period last year, a decrease of 278,4.5826 million yuan to 2814.5826 million yuan, a year-on-year decrease of 94.25% to 95.26%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss is expected to be 40 million yuan to 70 million yuan in 2023. Compared with 297,6.752 million yuan in the same period last year, a decrease of 29.06.752 million yuan to 293,6.752 million yuan, a year-on-year decrease of 97.65% to 98.66%.

The main reason for the pre-reduction in the 2023 annual results is that due to macroeconomic changes in the macroeconomy and market supply and demand, the sales prices of the company's leading products, glyphosate and silicone all declined to varying degrees compared to the same period last year, leading to a sharp decline in the current period compared to the same period last year. Faced with many adverse effects such as sharp drop in industry volume and price, declining exports, and increased competition, the company is focusing on leveraging business advantages such as upstream and downstream industry collaboration, high-end terminal applications, and global layout to make every breakthrough in cost reduction and efficiency, scientific and technological innovation, resource capital management, etc., and strive to overcome the impact of the overall decline in the industry and actively stabilize the basic operating market.