Chuanjinnuo announced on October 9 that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 160 million yuan and 180 million yuan, a year-on-year decrease of 40.87% to 47.44%. The company said there are three main reasons for the year-on-year decline in net profit: first, the purchase cost of sulfur, one of the core raw materials, rose, squeezing profit margins; second, affected by the market and other factors, the overall gross margin declined year on year; third, period expenses increased year on year.
Kunming Chuan Jin Nuo Chemical Co LtdCompany guided first-three-quarter net profit down 40.87%-47.44% year on year on lower gross margin and higher period expenses.
