**Star News, Donghe New Materials released a performance forecast, and it is expected that the attributable net profit for the whole year of 2023 will be about 6252340,000 yuan.
The announcement explained the reasons for the change in performance:
1. The difference in the sales volume of the current product is small, and the selling price has decreased significantly: during the reporting period, the current sales volume of the company's main raw material product fused magnesium was nearly 90,000 tons, and the sales volume was basically the same as that of the same period last year, but the average sales price of the current period decreased by 16% compared with the same period last year; The current sales volume of concentrate light burnt powder is about 850,000 tons, a slight decrease from the same period last year, but the average sales price in the current period decreased by 17% compared with the same period last year, which shows that the decline in profit was mainly due to the decrease in selling prices. 2. The management expenses of the current period increased compared with the previous year: 1) At the beginning of the reporting period, the company leased plant and equipment for the production of high-purity magnesia, and the related expenses before it was officially put into operation were included in the management expenses; 2) At the beginning of the year, the welfare expenses of the Spring Festival increased, increasing the current expenses; 3) Holding a listing cocktail party to increase the current cost; 4) The company's ore sales volume in the current period increased compared with the same period last year, and the amortization of land and mining rights appraised recorded in management expenses increased year-on-year; 5) After the listing, the relevant intermediary service fees were expensed and the consulting fees paid by the company for improving management increased compared with the previous period. 3. The financial expenses increased due to the impact of foreign exchange gains and losses in the current period; In the same period of the previous year, the profit in 2023 decreased compared with the same period of the previous year due to the fact that the welfare enterprises obtained a tax return of 4.95 million yuan in the previous year, and there was no such income in the current period.
Donghe New Material's third quarter report for 2023 shows that the company's main revenue is 45.8 billion yuan, down 641%；Net profit attributable to the parent company was 5249640,000 yuan, a year-on-year decrease of 4236%；Deduct non-net profit of 5008710,000 yuan, a year-on-year decrease of 4415%；Among them, in the third quarter of 2023, the company's single-quarter main revenue is 14.5 billion yuan, down 185%；The net profit attributable to the parent company in a single quarter was 153920,000 yuan, a year-on-year decrease of 3462%；The non-net profit deducted in a single quarter was 1320880,000 yuan, a year-on-year decrease of 4241%；The debt ratio is 2551%, investment income 11940,000 yuan, financial expenses 160460,000 yuan, gross profit margin 3237%。
The above content is compiled by **Star based on public information, generated by algorithms, and has nothing to do with the position of this site. **Star strives but does not guarantee the accuracy, completeness, validity, timeliness of all or part of the content of the information (including but not limited to text, **audio, data and charts), if there is any problem, please contact us. This article is a compilation of data and does not constitute any investment advice for you.