TUNGTEX (HOLD)(00518) issued a profit warning, expecting a year-end shareholder loss of approximately HK$14-17 million which is an increase compared to the previous year.

Tongde Shifang Group (00518) announced that the Group is expected to incur a net loss attributable to owners of the Company of approximately HK$140 million to HK$170 million for the year ending March 31, 2026. This expected loss for the current year is higher compared to the net loss of approximately HK$99 million for the year ending March 31, 2025. The increase in the expected loss is attributed to the sudden deterioration of the global trade environment since the United States announced new tariff policies in April 2025, leading to a significant decrease in export sales to the North American market for the Group in the current year.