<p>CH TREASURES NM (02439.HK) issued a profit warning, expecting net profit for the six months ending in June to decrease to no more than RMB 38 million, down from RMB 47.8 million in the same period last year. This is mainly due to a decline in revenue caused by decreased sales of biodegradable shopping bags and biodegradable agricultural product bags, leading to a decrease in gross profit; and the combined impact of reduced R&amp;D expenses</p>

02439

<p>CH TREASURES NM issued a profit warning, expecting that the net profit for the six months ending in June will decrease to no more than RMB 38 million, down from RMB 47.8 million in the same period last year. This is mainly due to a decline in revenue caused by a decrease in sales of biodegradable shopping bags and biodegradable agricultural product bags, leading to a decrease in gross profit; and the combined impact of reduced R&D expenses</p>

In the profit warning, CH TREASURES NM forecasts that half-year profits will decrease to no more than 38 million RMB