Dongyue Silicone Materials opened sharply higher on October 9 and quickly rose to the 20cm daily limit, after the company disclosed its performance forecast for the first three quarters of 2026. It expects attributable net profit of 547 million to 567 million yuan, an increase of more than 19,000% compared with the same period last year. The company said the change was mainly driven by the market environment and an improved industry supply-demand structure, with prices of its main products rising. However, Dongyue Silicone Materials stressed that in the third quarter of 2025, affected by the July 20 fire accident, it recorded a loss of 39.3374 million yuan, which left attributable net profit for the first three quarters of the prior-year period at only 2.8567 million yuan. Therefore, the profit figures for the first three quarters of 2026 are not comparable with the same period last year. Based on earlier half-year report data, the company achieved attributable net profit of 429 million yuan in the first half of 2026, up 916.22% year on year. From this, third-quarter net profit this year is estimated at 118 million to 138 million yuan. Dongyue Silicone Materials focuses on the research, development, production and sales of silicone materials. Wind data shows that since its high point in July this year, the company's share price has fallen by more than 35% cumulatively.
Shandong Dongyue Organosilicon MatForecasts Q1-Q3 2026 net profit of 547-567 million yuan, up over 19,000% year on year, driven by improved industry supply-demand and rising product prices.
