GHW INTL issues a profit warning, expecting mid-term net profit to increase to approximately 8 million yuan
GHW INTL announced a positive profit forecast, expecting the interim net profit for the period ending June 30, 2025, to reach approximately HKD 8 million, a significant increase from HKD 4.4 million in the same period of 2024. The board pointed out that the growth in net profit is mainly attributed to increased foreign exchange gains and additional income from the value-added tax deduction policy, despite intensified market competition leading to a decline in gross profit for some products
According to the announcement from GHW INTL (09933), the group expects to achieve a net profit of approximately RMB 8 million for the six months ending June 30, 2025 (the current period), compared to a net profit of approximately RMB 4.4 million for the six months ending June 30, 2024.
The board believes that the increase in net profit is mainly due to the increase in net foreign exchange gains resulting from the appreciation of currencies such as the Russian Ruble and Mexican Peso against the RMB during the current period; and an increase in other income of approximately RMB 7.5 million generated by the VAT rebate policy, partially offset by a decrease in gross profit due to intensified market competition resulting from the expansion of market supply of certain self-produced and traded products during the current period
