YAN TAT GROUP issues profit warning, expecting a year-on-year decline of approximately 70% to 80% in net profit for the first half of the year
YAN TAT GROUP expects that its net profit for the first half of the year ending June 30, 2025, will decline by approximately 70% to 80% year-on-year. The main reasons include economic slowdown due to uncertainties in global trade policies, intense price competition in the PCB market, and rising raw material and production costs, which have affected sales orders and gross margins
According to the Zhitong Finance APP, YAN TAT GROUP (01480) announced that the company expects its net profit for the six months ending June 30, 2025, to decline by approximately 70% to 80% compared to the net profit of about HKD 32.8 million for the same period in 2024. The expected decline is mainly due to the ongoing uncertainty in global trade policies leading to a slowdown in the global economy; and the continued severe internal competition in the PCB market prices in 2025, along with intense price competition, resulting in a decrease in the number of sales orders and average selling prices, negatively impacting the group's revenue; and the rise in raw material costs and other production costs during this period, further reducing the group's gross profit margin
