The competitor is Jiangxi Xinlianxin Chemical Industry, a subsidiary of Henan XinLianXin Chemical Group Co. Ltd.
Jiutian Chemical Group has issued a profit warning for FY2023 ended Dec 31, 2023, saying it expects to announce a net loss for the full-year period.
In a Feb 15 bourse filing, its Board of Directors says this is mainly due to a decline in the average selling prices of its main products — dimethylformamide and methylamine — arising from an industry-wide softening of demand and significant production capacity added by a new competitor since 4Q2022.
