Steel prices continue to fall, gross margin decreases, baoshan iron & steel Q3 performance drops by 60% | Interpretations
Due to the steel price drop exceeding the drop in raw material prices, the profit margin continues to shrink, baoshan iron & steel's third-quarter performance declined by more than 60%. At the same time, due to the decrease in steel production and sales volume in the third quarter, as well as the impairment of assets extracted by the company in the third quarter, the changes in the above two aspects of operation and financial data also have a certain impact on the company's performance.
Conch Cement's Q3 revenue fell by 32.89% year-on-year, with net income also decreasing by 15.13%. | Financial Report Watch
In the third quarter, due to the dual decline in sales volume and prices of cement business products, the company's revenue and profit both saw a double-digit year-on-year decrease.
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Wanhua Chemical Group's net income for Q3 dropped by 29.41% due to the decrease in product prices and the increase in raw material costs. | Financial Report News
In the third quarter, due to the year-on-year decrease in product prices and year-on-year increase in main raw material prices, product costs increased, resulting in a decrease in gross profit. Wanhua Chemical Group's net income was 2.919 billion yuan, a 29.41% year-on-year decrease, with total revenue of 50.537 billion yuan, a 12.48% year-on-year increase.
cmoc group limited Q3 net income increased by 64.12%, copper related business gross margin increased by 15.81% | Financial Report Insights
In the third quarter, the gross margin of copper mining and processing business increased by 15.81% year-on-year, while the gross margin of phosphate fertilizer business increased by 8.29% year-on-year. The net income of cmoc group limited was 2.856 billion yuan, a year-on-year increase of 64.12%, with a total revenue of 51.936 billion yuan, up 15.53% year-on-year.
Price reduction and volume increase, Zhejiang Longsheng Group, a leading dye company, saw its net income in Q3 increase by more than three times. | Interpretations
①The company's net income for the first three quarters was 1.353 billion yuan, a year-on-year increase of 50.52%, with a 320.82% increase in net profit for the third quarter; ②Sales of dyes, additives, and intermediates by the company in the first three quarters all increased year-on-year, while dye revenue saw a slight year-on-year decline.