Dongguang Chemical Limited provided earnings guidance for the year ended 31 December 2021. For the year, the Group is expected to record an increase in net profit by approximately 110% for the year ended 31 December 2021 as compared to the corresponding period in 2020. The increase in net profit of the Group was mainly due to an increase in overall gross profit and gross profit margin which was primarily due to the increase in revenue derived from the sales of urea products.

The increase in revenue of urea products was mainly due to the increase of the average selling price of urea products as a result of the increased demand of domestic fertilisers and chemical products, and the increase of production costs such as raw materials costs during the year.