HK Stock Market Move | ZJLD (06979) falls more than 5% after issuing a profit warning. The company expects its full-year revenue and net profit to halve year-on-year.

ZJLD (06979) fell more than 5% after issuing a profit warning, with a decrease of 4.49% as of the time of publication, closing at HK$8.73, with a turnover of HK$76.0369 million. On the news front, ZJLD issued a profit warning, expecting a net profit attributable to shareholders of RMB 520 million to 580 million for the year 2025, a year-on-year decrease of 56.1% to 60.6%; expecting to achieve revenue of RMB 3.55 billion to 3.7 billion, a year-on-year decrease of 47.7% to 49.8%. The decrease is mainly due to weakened market demand for Baijiu consumption, especially in business and social banquets, as well as a decline in consumption for gifting occasions.