![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Zhejiang Yong. | LSE:YTT | London | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.50 | 0 | 01:00:00 |
TIDMYTT
RNS Number : 0652G
Zhejiang Yongtai Technology Co Ltd
14 July 2023
ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.
(GDR under the symbol: "YYT")
(a joint stock company established under the laws of the People's Republic of China with limited liability)
Preliminary Estimation for the Interim Results of 2023
The Company and all members of the Board of Directors confirm that all the information contained in this information disclosure is true, accurate and complete and that there is no false and misleading statement or material omission in this information disclosure.
I. Preliminary Results for the Current Period
1. Period for the estimated results: 1 January 2023 to 30 June 2023;
2. Estimated results:
ð Loss ð Turn loss into profit ð Increase over last year Decrease over last year Item Current reporting Corresponding period period last year Net profit Profit: RMB30 million Profit: attributable - RMB42 million RMB493.6041 to million the shareholders of the listed company ----------------------------- --------------- Decreased by 93.92%-91.49% as compared to the corresponding period last year ----------------------------- --------------- Net profit Loss: RMB50 million Profit: after deducting -RMB38 million RMB488.8735 non-recurring million gains and losses ----------------------------- --------------- Decreased by 110.23%-107.77% as compared to the corresponding period last year ----------------------------- --------------- Basic Profit: RMB0.03/share Profit: earnings - RMB0.05/share RMB0.56/share per share ----------------------------- ---------------
II. Communication with Accounting Firm
The financial data related to this preliminary results has not been audited by the accounting firm.
III. Explanation for the Changes in Results
(1) The overall results of this reporting period decreased significantly compared to the corresponding period last year, mainly due to the changes in performance of the Company's lithium battery materials segment. During the reporting period, the main product of the Company's lithium battery materials was lithium hexafluorophosphate. Although the sales quantity of this product increased year on year, the market price fell significantly over the corresponding period last year due to changes in the supply and demand relationship between upstream and downstream in the short term, resulting in a sharp decline in product sales revenue. On the other hand, the market price of lithium carbonate, the upstream raw material, was high at the end of last year and at the beginning of this reporting period, and the inventory of raw materials at the beginning of the period was also relatively high, resulting in a relatively high overall cost of lithium battery materials during the reporting period. Under the dual impact of lower sales prices and higher costs, the gross margin and gross profit of the Company's lithium battery materials segment in the first half of the year decreased significantly compared to the corresponding period last year. At present, the high-priced raw materials at the beginning of the period have been used up.
(2) The impact of non-recurring gains and losses on net profit during this reporting period is approximately RMB80 million, mainly due to the asset disposal gains generated from the demolition and compensation of the properties owned by two subsidiaries in Shanghai.
IV. Other Relevant Explanation
This preliminary result is based on the estimat ion of the Finance Department of the Company, and the specific financial data is subject to the 2023 interim report to be disclosed by the C ompany. Investors are kindly advised to make cautious decisions and pay attention to investment risks.
Board of Directors
Zhejiang Yongtai Technology Co., Ltd.
1 4 July 2023
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCNKQBKFBKKPOD
(END) Dow Jones Newswires
July 14, 2023 04:23 ET (08:23 GMT)
1 Year Zhejiang Yong Chart |
1 Month Zhejiang Yong Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions