MOKINGRAN (02585) issues a profit warning, expected to have a loss of around 65-72 million yuan for the first half of the year, compared to a profit in the same period last year.

MOKINGRAN (02585) announced that the group is expected to achieve revenue of approximately 10.4 billion to 10.5 billion yuan in the first half of 2025, an increase of 4.2% to 5.2% year-on-year; overseas revenue is expected to be approximately 140 million to 150 million yuan, an increase of 273.3% to 300.0% year-on-year; the net loss attributable to owners of the company and comprehensive expenses for the period are expected to be approximately 65 million to 72 million yuan, turning from profit to loss year-on-year. The announcement stated that the expected change from profit to loss is mainly due to increased losses recorded from Au (T+D) contracts and gold leasing, compared to the losses of 346 million yuan recorded in the same period last year. It is expected that the total loss for the six months ending June 30, 2025 will be approximately 680 million to 700 million yuan.