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Tiande Chemical (00609) issued a profit warning. Profit attributable to shareholders is expected to fall by about 34% year-on-year in the medium term
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According to the Zhitong Finance App, Tiande Chemical (00609) issued an announcement. It is expected that the profit attributable to the company's owners for the six months ending June 30, 2026 (financial period) will drop by about 34% compared to the profit attributable to the company's owners for the same period last year. The estimated decrease in profit attributable to the Company's owners during the financial period is mainly due to: (i) significant exchange losses when converting trade accounts receivable and bank deposits denominated in US dollars into RMB due to the significant appreciation of RMB; and (ii) due to increased sales of products containing hazardous ingredients, which made it necessary to implement stricter safety measures during transportation, leading to a significant increase in transportation costs.

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