"Profit Warning" HUAYUEXPRESSWAY Sales Decline Significantly, Estimated Mid-Year Profit Turns to Loss

HUAYUEXPRESSWAY (01823.HK) issued a profit warning, expecting a loss attributable to shareholders of between RMB 22.2 million and RMB 24.5 million for the six months ending in June, compared to a profit of approximately RMB 11.9 million in the same period last year. The shift from profit to loss is mainly due to the continued decline in the domestic consumer market, leading to a significant decrease in liquor sales. Revenue for the first half of the year is expected to be between RMB 72 million and RMB 79.6 million, compared to RMB 129 million in the same period last year