---
title: "HN PEARL RIVER Holdings issued a profit warning, expecting a net profit of 16.5 million to 24.5 million yuan for the fiscal year 2024, a decrease of 76% to 84%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225807181.md"
description: "HN PEARL RIVER expects a net profit of RMB 16.5 million to RMB 24.5 million for the fiscal year 2024, a year-on-year decline of 76% to 84%. The main reasons for the decline in performance include the oil segment experiencing a drop in product prices and increased processing costs due to market oversupply, intense competition in the branded packaged oil market leading to a decrease in sales, and the food segment also being affected by market competition and sluggish traditional channels impacting sales and gross profit"
datetime: "2025-01-22T09:05:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225807181.md)
  - [en](https://longbridge.com/en/news/225807181.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225807181.md)
generator: "portal-rs"
---

# HN PEARL RIVER Holdings issued a profit warning, expecting a net profit of 16.5 million to 24.5 million yuan for the fiscal year 2024, a decrease of 76% to 84%

According to the Zhitong Finance APP, HN PEARL RIVER (000505.SZ) released its performance announcement for the year 2024, expecting a net profit attributable to shareholders of the listed company to be between 16.5 million and 24.5 million yuan, a year-on-year decrease of 76% to 84%.

The main reasons for the year-on-year decline in performance during the reporting period are: the oil segment is facing oversupply in the market, leading to a drop in product prices and increased processing costs; intense competition in the branded packaged oil market has resulted in a decline in sales, reducing profits in the oil business year-on-year; the food segment is affected by market competition and sluggish traditional channels, leading to a decrease in product sales and gross profit, which impacts the profitability of the food segment

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**