HK Stock Market Move | PLAYMATES TOYS (00869) fell more than 3%, expected to change from profit to loss in the first half of the year to around 26 million Hong Kong dollars.

PLAYMATES TOYS (00869) fell more than 3% by the time of publication, dropping by 3.28% to 0.59 Hong Kong dollars with a trading volume of 1.2 million Hong Kong dollars. On the news front, PLAYMATES TOYS issued a profit warning, expecting unaudited revenue of approximately 186 million Hong Kong dollars for the six months ending June 30, 2025, compared to revenue of 445 million Hong Kong dollars for the same period in 2024. The group is expected to incur a net loss of approximately 26 million Hong Kong dollars, compared to a net profit of 91 million Hong Kong dollars for the same period in 2024. The board of directors believes that the decrease in revenue is mainly due to a decline in expected shipment volumes of the "Godzilla vs King Kong" products; the "Teenage Mutant Ninja Turtles" brand has not been driven by major entertainment activities, leading to a slowdown in demand for the "Teenage Mutant Ninja Turtles" product series; and an increase in product development, mold, and media production costs to prepare for the upcoming new products. Due to escalating trade tensions, goods shipped to the US market in April of this year have been impeded, and tariffs on imported goods from the US have been imposed starting in the second quarter of this year.