Tiande Chemical Holdings Limited provided earnings guidance for the six months ending 30 June 2024. For the period, it is expected to record a profit attributable to owners of the Company for the Financial Period in the range of approximately RMB 36.0 million to RMB 42.0 million, representing a decrease of approximately 75% to 78% as compared to the profit attributable to the owners of the Company of approximately RMB 166.1 million for the last corresponding period. The decrease in profit is primarily attributable to the further decline of selling prices of the products of the Group due to the overall economic downturn during the Financial Period.

As a result, the gross profit and gross profit margin of the Group are dropping substantially.