Xinan shares announced on the evening of July 5 that it is expected to achieve a net profit of 250 million yuan to 280 million yuan in the first half of 2019, a decrease of 431 million yuan to 461 million yuan from the same period of the previous year, down 60% to 65% year-on-year.


The company's non-recurring gains and losses in the first half of 2019 were about 22 million yuan, an increase of about 17.77 million yuan over the same period of the previous year. After deducting the above non-recurring gains and losses, the company expects to achieve a non-net profit of 228 million yuan to 258 million yuan in the half year of 2019, down 64% to 68%.


The company said that in the first half of 2019, the company's main products, silicone and glyphosate production capacity were normal, and production and sales were basically the same as that of the same period of last year. The main reason for the decline in the first half of 2019 was the market price of the company's leading products. Compared with the same period of last year, there was a large decline, which led to a significant decline in the company's semi-annual performance in 2019.