Tiande Chemical Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2023. The company expects that profit attributable to owners of the Company for the year ended 31 December 2023 may drop by around 77% as compared to the corresponding period of last year. The decrease in profit is primarily attributable to the sharp decline in the selling prices of the products of the Group as the market conditions deteriorated in a challenging macro-economic environment during the Financial Year.

As a result, the turnover and gross profit margin of the Group were dropped substantially.