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02 Feb

Yahua expects net profit to be wiped out in 2023

Shenzhen-listed Sichuan Yahua Industrial Group expects its 2023 net income to decline up to 99% year-on-year to around CNY 40-60 million ($6-8.5m), Kallanish learns from a company update. The official annual report will be released on 26 April.  Yahua notes that although its major business includes lithium salt and civilian explosion, its lithium salt business has a higher impact on its revenue and thus has become a determining factor on its overall pe…
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