Antai Technology: Estimated net profit for the first half of the year may reach 12.777 million yuan

Antai Technology (000969.SZ) announced on Thursday, July 11 that it expects net profit for the first half of the year to be 804.87 million yuan to 12.778 million yuan, down 60% to 75% year-on-year; last year was 32.194 million yuan.

According to Aetna Technology, mainly due to the market competition and maintaining and consolidating market share, the company adjusted the price of some products, resulting in a decrease in gross profit in the first half of the year compared with the same period of last year; some of the production projects cannot be used due to insufficient capacity. Effective dilution, resulting in project revenues did not meet expectations.

The main products of Antai Technology are “Advanced Materials and Products for Energy”, “Special Materials, Products and Equipment” and “Superhard Materials and Tools”.

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