HK Stock Market Move | UNITED LAB (03933) drops more than 6% again. It is expected that the annual net profit will decrease by nearly 25% to 2 billion yuan.

UNITED LAB (03933) fell by more than 6% again, as of the time of publication, it fell by 5.86% to 10.29 Hong Kong dollars, with a turnover of 153 million Hong Kong dollars. On the news front, UNITED LAB previously announced that it expects a full-year profit of about 2 billion yuan, a decrease of 24.76% compared to the profit of about 26.58 billion yuan in 2024. This is mainly due to the decline in market prices of intermediate products and APIs during the year, leading to a decrease in the profits of the intermediate products and APIs divisions by about 1.6 billion yuan and about 400 million yuan respectively. The profit of the formulation products division has increased significantly by about 1.4 billion yuan, partially offsetting the decrease in the profits of the intermediate products and APIs division.