HUAJIN INTL issued a profit warning, expecting a loss attributable to owners of the company of approximately 490 million to 530 million yuan in the first half of the year, a year-on-year turnaround from profit to loss
HUAJIN INTL issued a profit warning, expecting revenue of approximately RMB 720 million to RMB 780 million in the first half of 2025, a year-on-year decrease of 75.7% to 77.5%; the loss attributable to shareholders is expected to be approximately RMB 490 million to RMB 530 million, compared to a profit of RMB 16.9 million in the same period of 2024. The board of directors pointed out that the decline in revenue and the loss are mainly due to weak market demand, intensified competition, the impact of the trade environment and tariff policies, rising raw material costs, and low capacity utilization
According to the Zhitong Finance APP, HUAJIN INTL (02738) announced that it expects the group to achieve revenue of approximately RMB 720 million to RMB 780 million in the first half of 2025, a year-on-year decrease of about 75.7% to 77.5%; it is expected that the loss attributable to the company's owners will be approximately RMB 490 million to RMB 530 million, compared to a profit of approximately RMB 16.9 million for the same period in 2024.
The board of directors believes that the decline in revenue during the comparison period and the resulting losses are mainly due to the following reasons: weak market demand and intensified competition — dual pressure from domestic and foreign demand; the impact of the trade environment and tariff policies; rising pressure from raw material costs; and low capacity utilization leading to increased unit processing costs
