DONGYUE GROUP (00189) announces profit growth, expects the company's owner's profit to increase by over 100% compared to the previous year in 2025.

Dongyang Group (00189) announced that the group is expected to achieve a year-on-year growth of over 100% in its net profit attributable to owners by 2025. The significant increase in net profit is mainly due to the substantial price increases of several products in the group's refrigerant division, as well as the group's strict cost and expense control. In addition, the aforementioned profit growth has taken into account the fact that the group will gradually shut down two old power plants as required by policies starting in 2025, resulting in a significant increase in impairment losses compared to the previous year, which will have a negative impact on the group's net profit.