"Profit Warning" GREEN FRESH BIO's revenue decreases, expected to report a loss in mid-term results

GREEN FRESH BIO (01084.HK) issued a profit warning, expecting a loss of between RMB 11 million and RMB 13.5 million for the six months ending in June, compared to a net profit of RMB 23.08 million in the same period last year. The decline is mainly attributed to the decrease in selling price and sales volume of hydrophilic colloid products, leading to a reduction in revenue and gross profit; as well as an increase in R&D expenses