PM PACKAGING issued a profit warning, expecting a net loss of no more than 25 million yuan in the first half of the year
Jifeng Packaging issued a profit warning, expecting a net loss of no more than RMB 25 million for the six months ending June 30, 2025, an increase from the loss of approximately HKD 15.3 million in the same period of 2024. The main reasons for the increase in losses are the decline in product prices and the rise in operating costs due to the new production facility. Nevertheless, the board believes that this will not have a significant adverse impact on overall operations and cash flow
According to the announcement from JiFeng Packaging (01820), the group expects to incur a net loss of no more than RMB 25 million for the six months ending June 30, 2025, compared to a net loss of approximately HKD 15.3 million for the six months ending June 30, 2024. As understood by the board of directors, the increase in losses is mainly attributed to the decline in product prices and the new production facilities located in Huzhou and Wuhan, which have led to increased operating costs. Despite these circumstances, the board expects that there will not be a significant adverse impact on the group's overall operations and cash flow
