HING YIP HLDGS (00132) issues a profit warning, expecting mid-term profits to decrease to approximately HKD 34.476 million.

HING YIP HLDGS (00132) announced that the profit for the six months ending June 30, 2026, is expected to decrease to approximately HKD 34.476 million, compared to a profit of HKD 44.866 million recorded for the six months ending June 30, 2025. The decrease in profit is mainly due to the civil explosives business experiencing production line safety inspections, remediation, and technical upgrades during the six months ending June 30, 2026, which has had a phased impact on related production and operational activities, resulting in a significant decrease in profit of approximately HKD 26.249 million from the civil explosives business. However, the profit from the financing leasing business increased by approximately HKD 5.703 million, and the profit from joint ventures increased by approximately HKD 11.93 million, which partially offset the adverse factors.