Dongyue Guicai forecasts 547-567 million yuan net profit for first three quarters of 2026
In short
Dongyue Guicai (东岳硅材) said it expects net profit attributable to shareholders of 547 million to 567 million yuan for the first three quarters of 2026, against 2.8567 million yuan a year earlier. The company attributed the rise to higher prices for its main products and lower overall unit production costs, and said the figures are not comparable with 2025, when a fire caused a third-quarter loss.
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Dongyue Guicai (东岳硅材), stock code 300821.SZ, said in an announcement that it expects net profit attributable to shareholders of 547 million to 567 million yuan for the first three quarters of 2026. Jiemian reported that the announcement was made on October 8. CLS put the year-on-year increase at 19,050% to 19,750%. [ 1 , 2 , 3 , 4 ]
The company said prices of its main products rose in the first three quarters because of the market environment and an improvement in the industry's supply and demand situation. On raw materials, it said purchase prices for industrial silicon fell year on year while prices of methanol and methyl chloride rose, so that overall unit production costs declined and the composite gross margin increased. According to CLS, the company also said it continued to pursue refined management and safety controls to keep production running smoothly and to control costs, further strengthening its profitability. [ 1 , 2 , 3 , 4 ]
The company said the "7·20" fire accident hit its third quarter of 2025, when it posted a loss of 39.3374 million yuan for the quarter, leaving net profit attributable to shareholders for the first three quarters of 2025 at 2.8567 million yuan. It said profit figures for the current period are therefore not comparable with the same period a year earlier. [ 1 , 2 , 3 , 4 ]
CLS and 36Kr reported that the company expects non-recurring items to contribute about 42 million yuan to net profit attributable to shareholders during the period, mainly from gains and losses on the disposal of non-current assets. [ 1 , 4 ]
In an editor's note, CLS calculated that the forecast implies third-quarter net profit of 118 million to 138 million yuan. Against second-quarter net profit of 235 million yuan, that would be a quarter-on-quarter decline of 41% to 49%, CLS said. [ 1 ]
Why it matters
The forecast, reported by four business and tech outlets, points to higher product prices and margins at the company, which links them to an improved supply and demand situation in its industry. The company said the current figures are not comparable with a year earlier because of the 2025 fire, and CLS calculated that third-quarter profit would fall from the second quarter.
Key facts
- Dongyue Guicai expects net profit attributable to shareholders of 547 million to 567 million yuan for the first three quarters of 2026. [ 1 , 2 , 3 , 4 ]
- Net profit attributable to shareholders for the first three quarters of 2025 was 2.8567 million yuan. [ 1 , 2 , 3 , 4 ]
- CLS reported the forecast as a year-on-year increase of 19,050% to 19,750%. [ 1 ]
- The company said prices of its main products rose because of the market environment and an improved industry supply and demand situation. [ 1 , 2 , 3 , 4 ]
- Industrial silicon purchase prices fell year on year, while methanol and methyl chloride prices rose; overall unit production costs fell and the composite gross margin rose. [ 1 , 2 , 3 , 4 ]
- The "7·20" fire accident caused a loss of 39.3374 million yuan in the third quarter of 2025, and the company said this period's profit figures are not comparable with a year earlier. [ 1 , 2 , 3 , 4 ]
- Non-recurring items are expected to contribute about 42 million yuan to net profit, mainly from gains and losses on the disposal of non-current assets. [ 1 , 4 ]
- CLS calculated third-quarter net profit at 118 million to 138 million yuan, down 41% to 49% from 235 million yuan in the second quarter. [ 1 ]
Confirmed by several sources
- Dongyue Guicai expects net profit attributable to shareholders of 547 million to 567 million yuan for the first three quarters of 2026. [ 1 , 2 , 3 , 4 ]
- Net profit attributable to shareholders for the first three quarters of 2025 was 2.8567 million yuan. [ 1 , 2 , 3 , 4 ]
- The company attributed the result to higher prices for its main products, lower industrial silicon purchase prices and lower overall unit production costs. [ 1 , 2 , 3 , 4 ]
- The "7·20" fire accident caused a loss of 39.3374 million yuan in the third quarter of 2025. [ 1 , 2 , 3 , 4 ]
- Non-recurring items are expected to contribute about 42 million yuan, mainly from disposal of non-current assets. [ 1 , 4 ]
Still unclear
- Third-quarter net profit of 118 million to 138 million yuan, down 41% to 49% from the second quarter. This is CLS's own calculation; no other outlet reports it.
- Year-on-year increase of 19,050% to 19,750%. Only CLS reports this percentage; the other outlets give the two profit figures without a growth rate.