In its financial outlook for 2023, Hubei Dinglong Holdings Co., Ltd. anticipates a downturn in net profit by 35% to 45% from the previous year.
This forecasted dip is attributed to a strategic increase in R&D investments, rising bank loan interests from ongoing construction projects, and additional costs stemming from employee stock ownership plans and listing expenses.
Despite these challenges, certain business sectors, such as semiconductor materials, have shown promising revenue growth.
