Yabang expects a loss of 684 million yuan in 2022

Yabang Co., Ltd. recently disclosed the 2022 annual performance forecast, and it is expected that the net profit loss attributable to the parent in 2022 will be 684 million yuan, a loss of 140 million yuan over the same period of the previous year; Non-net profit loss was RMB678 million, compared with a loss of RMB365 million in the same period last year.

The company is engaged in the fine chemical industry, mainly engaged in the production, sales and service of dyes and intermediates, pesticides and intermediates. The performance changes are mainly affected by external environmental factors such as macroeconomics and the new crown epidemic, and the downstream market demand of the textile printing and dyeing industry continues to be sluggish, and the company's main product market is not strong. At the same time, factors such as fluctuations in raw material prices and increased production costs intensified market competition, and the gross profit of product sales declined overall.