Sichuan Hongda (SHA:600331) expects to swing to a net loss attributable to the parent of between 65 million yuan and 75 million yuan in the first half, according to a Shanghai bourse filing on Tuesday.
A year earlier, the Chinese fertilizer manufacturer posted an attributable profit of 58.3 million yuan, or 0.03 yuan per share.
The company said the sales prices of zinc were lower than production and material costs, while coal and synthetic ammonia prices fell, but natural gas and electricity prices rose. The demand for phosphate was also weak.
The company's shares slipped less than 2% at the close of Tuesday's trade.
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