"MOKINGRAN" warns of a 50%-59% decrease in last year's profits

MOKINGRAN (02585.HK) issued a profit warning, expecting a profit of between RMB 77 million and RMB 94 million for the fiscal year 2025, a decrease of 50%-59% compared to the previous year. The reason is that the group incurred losses from Au(T+D) contracts and gold leasing, estimated to be between RMB 898 million and RMB 1.097 billion, an increase of 43%-75%. Total revenue is expected to be between RMB 19.72 billion and RMB 22.77 billion, an increase of 0%-16%, of which overseas revenue is expected to be between RMB 307 million and RMB 374 million, an increase of 119%-167%