TOWNRAY HLDGS (01692) issues a profit warning, expecting a decrease in the net profit attributable to shareholders for the year to be approximately HK$57-68 million, a decrease from the previous year.

TOWNRAY Holdings (01692) announces that the Group expects the net profit attributable to owners of the Company for the year ended December 31, 2025 to be approximately HK$57 million to HK$68 million, representing a decrease of approximately 37.0% to 47.0% compared to the net profit attributable to owners of the Company for the year ended December 31, 2024 of approximately HK$108 million. The Board of Directors believes that the decrease in the net profit attributable to owners of the Company for the current year is mainly due to the increase in direct labor costs and raw material costs of the Group; and the measures taken by the Group to optimize its product line, offer more competitively priced products to address customer price sensitivity and maintain its market share, both of which have led to a decrease in the Group's gross profit and gross profit margin.