<p>FEIYANG GROUP (01901.HK) issued a profit warning, expecting a net profit of between RMB 5 million and RMB 7 million for the six months ending in June, compared to a loss of RMB 16.3 million in the same period last year. The turnaround from loss to profit is mainly due to an increase of approximately RMB 100 million in sales of tourism-related products and services; a reduction in administrative expenses; and a decrease in impairment of trade and other receivables</p>

01901

<p>FEIYANG GROUP issued a profit warning, expecting a net profit of between RMB 5 million and RMB 7 million for the six months ending in June, compared to a loss of RMB 16.3 million in the same period last year. The turnaround from loss to profit is mainly due to an increase of approximately RMB 100 million in sales of tourism-related products and services; a reduction in administrative expenses; and a decrease in impairment of trade and other receivables</p>

"Profit Alert" FEIYANG GROUP forecasts half-year profit of 5 million to 7 million RMB