{"id":36533,"date":"2023-07-16T23:13:22","date_gmt":"2023-07-17T03:13:22","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/shenzhen-dynanonic-shares-drop-on-guidance-for-swing-to-1h-loss\/"},"modified":"2023-07-16T23:13:24","modified_gmt":"2023-07-17T03:13:24","slug":"shenzhen-dynanonic-shares-drop-on-guidance-for-swing-to-1h-loss","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=36533","title":{"rendered":"Shenzhen Dynanonic Shares Drop on Guidance for Swing to 1H Loss"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230716-701063\" role=\"document\">\n<p>By Sherry Qin<\/p>\n<pre><\/pre>\n<p>Shares of Shenzhen Dynanonic fell in early trading, after the Chinese chemicals company said it expects to swing to a first-half loss on lower lithium salt prices and falling demand.<\/p>\n<p>The Shenzhen-based company said on Sunday that it expects to post a net loss of 1.04 billion yuan to CNY1.17 billion ($145.6 million-$163.8 million) in the first six months of the year versus a net profit of CNY1.28 billion in the same period last year.<\/p>\n<div class=\"paywall\">\n<p>Shares were down 13.5% at CNY113.88 early Monday, taking year-to-date losses to 21%.<\/p>\n<p>It said sales revenue declined significantly due to lower lithium salt prices and that it is facing pressure due to stocks of raw materials that it accumulated at higher prices.<\/p>\n<p>Shenzhen Dynanomic develops, manufactures and sells nano-scale lithium-ion battery materials and related products.<\/p>\n<pre><\/pre>\n<p>Write to Sherry Qin at sherry.qin@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/shenzhen-dynanonic-shares-drop-on-guidance-for-swing-to-1h-loss-b379e56c?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Sherry Qin Shares of Shenzhen Dynanonic fell in early trading, after the Chinese chemicals company said it expects to swing to a first-half loss on lower lithium salt prices and falling demand. The Shenzhen-based company said on Sunday that it expects to post a net loss of 1.04 billion yuan to CNY1.17 billion ($145.6 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-36533","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shenzhen Dynanonic Shares Drop on Guidance for Swing to 1H Loss | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Sherry Qin Shares of Shenzhen Dynanonic fell in early trading, after the Chinese chemicals company said it expects to swing to a first-half loss on\" \/>\n<meta name=\"robots\" content=\"index, follow, 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