On April 9, Shandong Yanggu Huatai Chemical Co., Ltd. revised the first quarter's performance forecast. It is estimated that the net profit (net profit) of the first quarter will be 1 million to 5 million yuan, down 98.19% - 90.94% (year-on-year, the same below).

Affected by the epidemic and the overall market environment, the company said that its product sales in February and March were lower than expected. For this reason, the company terminated the implementation of the 2018 restricted stock incentive plan. According to the relevant accounting standards, the share-based payment of 19,244,500 yuan, which should have been recognized in the remaining waiting period, was counted in ahead in the first quarter of 2020. This amortization reduced the net profit of the first quarter.

Yanggu Huatai's 2019 annual report shows that the company's operating revenue is 2.014 billion yuan, down 3.25%; its net profit is 184 million yuan, down 49.80%.