SPEEDY GLOBAL (00540) issues profit warning, expecting annual net profit to decrease by no less than 50% year-on-year.

Juneyao Global Holdings (00540) announced that the group is expected to record a net profit of no less than 16.9 million Hong Kong dollars for the year ending December 31, 2025, which is a decrease of at least 50% compared to the same period in 2024. This change is primarily due to a decrease in sales orders from a major customer and the group providing a significant sales discount to one major customer, resulting in a decrease in revenue for the reporting period of no less than 280 million Hong Kong dollars (equivalent to a decrease of not less than 42% compared to the same period).