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Yueyang Xingchang Petrochemical forecasts significant half-year loss

July 12, 2025 at 05:29 AM UTCBy FilingReader AI

Yueyang Xingchang Petrochemical forecasts a net loss of RMB 26 million to RMB 32 million for the first half of 2025, reversing from RMB 53 million profit in the same period last year.

The company attributes the decline to extended maintenance shutdowns of production facilities from mid-April to late June, severely reducing operating hours. Weak downstream demand and high raw material prices also compressed gross profit margins.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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