YIK WO INTL (08659) issues profit warning, expecting a net loss of approximately 5 million to 10 million for the fiscal year 2025.
Yihe International Holdings (08659) announced that compared to a net profit of approximately RMB 27.2 million for the year 2024, the group expects to incur a net loss ranging from RMB 5 million to RMB 10 million for the year ending December 31, 2025.
YIK WO INTL (08659) announced that compared to a net profit of approximately RMB 27.20 million for the year 2024, the group expects to incur a net loss ranging from RMB 5 million to RMB 10 million for the year ending December 31, 2025.
As China's environmental regulations on disposable plastic products become increasingly stringent, especially in certain provinces and cities such as Hainan and Shanghai, the government has banned the use of non-biodegradable plastics. The revenue for the year 2025 has significantly declined compared to 2024, due to reasons including intense market competition, reduced demand for plastic containers after the COVID-19 pandemic, and a shift in market preference towards biodegradable plastic products.
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