HK Stock Market Move | DONGYUE GROUP (00189) rises over 3%; subsidiary Shandong Dongyue Silicone Material's net profit for the first three quarters is expected to increase by up to more than 190 times.

DONGYUE GROUP (00189) rose over 3%, up 2.73% as of press time, at HK$10.93, with a turnover of HK$79.385 million. On the news front, DONGYUE GROUP last night released a profit forecast for the first three quarters of 2026 for its non-wholly-owned subsidiary Shandong Dongyue Silicone Material Co., Ltd. Shandong Dongyue Silicone Material expects to achieve a net profit attributable to shareholders of the listed company of RMB 547 million to RMB 567 million for the first three quarters, a year-on-year increase of more than 190 times. Net profit for the same period last year was RMB 2.8567 million. Regarding the reasons for the substantial profit increase, Shandong Dongyue Silicone Material stated that in the first three quarters of 2026, affected by improvements in the market environment and industry supply-demand dynamics, the prices of the company's main products increased. On the raw materials side, the procurement price of industrial silicon declined year-on-year, while the prices of methanol and methyl chloride rose year-on-year, resulting in an overall decline in unit production costs and an increase in the comprehensive gross profit margin.