Xinan's net profit for the first half of the year is expected to drop by 60%-65% due to the decline in silicone prices
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Shanghai Securities News (Reporter Kong Ziyuan) Xinan shares announced that the net profit for the first half of the year is expected to be 250 million yuan to 280 million yuan, down 60% to 65%. During the reporting period, the market price of silicone products of the company's leading products decreased significantly compared with the same period of the previous year, which led to a significant decline in the company's semi-annual performance in 2019.
