Yuntianhua: net profit in the first quarter is expected to decrease by 5.2% compared with the same period last year.

[Yuntianhua: expected first quarter net profit will decline 5.2% compared with the same period last year] April 16, Yuntianhua announced that the company expects to make a net profit of about 1.56 billion yuan in the first quarter of 2023, down 5.20% from the same period last year. Due to the weakening demand in the downstream market, the prices of polyformaldehyde, yellow phosphorus and other products have dropped compared with the same period last year, and the gross profit level of the company's polyformaldehyde and yellow phosphorus products has declined.