According to the WiseNews app, Dongyue Group (00189) is now up more than 4%, with an increase of 3.16% to HKD 8.81 as of press time, with a turnover of HKD 25.7339 million.

Huachuang Securities pointed out that June will enter the peak season for after-sales fluoride market, and prices and profits are expected to steadily increase. In addition, according to the quota utilization results we are currently monitoring, the quotas for R32 and R125 from January to May are generally overused, which means that the quotas for the second half of the year may face a tense situation. We determine that the pattern of price changes in the peak and off-seasons may change. If the quotas are used up too quickly during the peak season, it may cause further price increases in the off-season due to insufficient quotas.

China Securities Co., Ltd. previously stated that in October of 2023, in order to reduce the adverse impact of Xinhua Lian's judicial reorganization, Dongyue Group signed a share repurchase agreement with Xinhua Lian, intending to repurchase a total of 23% of Dongyue Group shares held by Xinhua Lian; as of May 3, 2024, the corresponding shares have been repurchased and canceled, and the company's founder has become the largest shareholder, which is conducive to maintaining the stability of the company's equity structure and daily operations.