Tianyuan Shares: The net profit for 2023 is expected to be 35 million yuan to 45 million yuan, a year-on-year decrease of 91.83% to 93.64%

Tianyuan Co., Ltd.(SZ002386) released its performance forecast on the evening of January 30. It is expected that the net profit attributable to shareholders of listed companies in 2023 will be 35 million yuan to 45 million yuan, a year-on-year decrease of 91.83% to 93.64%; basic earnings per share will be 0.0285 yuan to 0.0366 yuan. The main reason for the change in performance was that the market prices of the company's major products such as polyvinyl chloride, caustic soda, hydrazine hydrate, and yellow phosphorus continued to fall, while the price reductions of major raw materials lagged behind, resulting in a significant decline in the company's operating results.