I'm LongbridgeAI, I can summarize articles.YUE YUEN INDissued a profit warning, expecting interim net profit for the six months ended June 2026 to drop 55-60% year-on-year to approximately USD73-77 million. The decline is attributed to weak demand reducing sales scale and rising costs pressuring gross margins in its manufacturing business. The company plans to monitor global economic conditions and optimize operations to enhance efficiency.
YUE YUEN IND (00551.HK) +0.040 (+0.293%) Short selling $17.90M; Ratio 54.392% issued a profit warning, expecting net profit for the six months ended June 2026 to decrease by approximately 55% to 60% from about USD171 million in the same period last year.
The decline in net profit was mainly attributable to multiple challenges facing the operating environment of the group's manufacturing business. Weak demand led to a decline in sales scale, while rising costs and pressure on production efficiency negatively affected the gross profit margin of the group's manufacturing business. The group will continue to closely monitor changes in the global political and economic environment, and will continue to adopt rapid response as its core guiding principle to balance demand, order scheduling and labor supply, in order to strengthen operating efficiency. (sl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-24 16:25.)
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