WINOX (06838) issues a profit warning, expecting a mid-term loss of HKD 45 million to HKD 50 million.
Yongli Shi (06838) announced that the board expects the Group to record a loss ranging from HKD 45 million to HKD 50 million for the six months ended June 30, 2026 (the period). The loss for this period is primarily attributed to: (1) a decrease in revenue due to sluggish demand; (2) a decline in overall gross profit margin due to intense market competition; and (3) provisions for severance payments and other employee claims in accordance with the streamlined manpower plan.
WINOX (06838) announced that the board expects the group to record a loss of between HKD 45 million and HKD 50 million for the six months ending June 30, 2026 (the current period) (2025: HKD 13.821 million). This loss during the current period is mainly attributed to (1) a decrease in revenue due to stagnant demand; (2) a decline in overall gross margin due to intense market competition; and (3) provisions for severance payments and other employee claims related to a streamlined workforce plan.
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