VANOV HOLDINGS issues a profit warning, expecting a decrease of approximately 58.8% to 64.2% in net profit attributable to shareholders for the interim period

VANOV HOLDINGS issued a profit warning, expecting that the net profit attributable to shareholders in the first half of 2025 will decrease by approximately 58.8% to 64.2%, falling to between 6.6 million and 7.6 million yuan. The main reasons include increased depreciation and financial costs due to capacity upgrades, rising R&D investment, and a decrease in other income. Despite stable operational performance, the group will focus on core strategies, deepen cooperation with large paper manufacturing groups, expand overseas markets, promote growth in high-end products, and accelerate technological upgrades to enhance competitiveness