Sichuan Hongda projects RMB65-75m half-year net loss

Sichuan Hongda expects a net loss of RMB65-75 million for the first half of 2025. The downturn stems from declining zinc prices, increased raw material costs in non-ferrous metals, and falling synthetic ammonia sales prices.

The company's phosphochemical business also suffered reduced sales and profitability due to lower demand and higher raw material costs.