Jiutian Chemical records RMB68.6 mil loss for 3QFY2023

Bryan Wu2023-11-07

Jiutian Chemical’s main products have continued to decrease in both sales volume and average selling prices since 4QFY2022.Jiutian Chemical Group C8R has recorded a loss of RMB68.6 million ($12.77 ...

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The lower sales volume was primarily due to the adjustment of production volume by Jiutian Chemical’s management to minimise losses from low selling prices.\nAs at Sept 30, the group’s net current assets position had declined by 28% to RMB 878.04 million.\nShares in Jiutian Chemical closed 0.4 cents lower or 11.43% down at 3.1 cents on Nov 7.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2381494834"}