TIAN YUAN GP issued a profit warning, expecting the interim profit attributable to shareholders to decrease by approximately 60% year-on-year to HKD 4.9 million
TIAN YUAN GP issued a profit warning, expecting that the profit attributable to shareholders for the six months ending June 30, 2025, will decrease by approximately 60% year-on-year, falling to about RMB 4.9 million, compared to approximately RMB 12.3 million in the same period last year. The main reasons include a decline in overall demand leading to reduced revenue, as well as lower trading gains from crude oil futures contracts compared to the same period last year
According to the announcement from TIAN YUAN GP (06119), the group expects that the unaudited profit attributable to the owners of the company for the six months ending June 30, 2025, will decrease by approximately 60% to about RMB 4.9 million, compared to approximately RMB 12.3 million for the same period in 2024. The decrease in unaudited profit is mainly due to: (i) a decline in overall demand leading to a decrease in revenue during the period; and (ii) a reduction in other income of the company mainly due to lower gains from crude oil futures contract trading compared to the same period last year
