KINGWORLD(01110) issues profit warning, expecting a decrease of about 70% to 75% in the company's net profit attributable to owners for the year 2025 compared to the previous year.

KINGWORLD (01110) announced that it expects the attributable net profit of the company for the second half of 2025 to turn from a loss of approximately RMB 5.4 million in the first half to a profit. However, the group still anticipates a decrease of around 70% to 75% in the attributable net profit of the company for the full year of 2025 compared to RMB 41.6 million in 2024. The Board believes that the decrease in attributable net profit is mainly due to the following factors: (i) a decrease in gross profit of approximately 15% to 20% in the distribution business of imported brand pharmaceutical and health products in China, mainly due to a slowdown in demand for related products in the market; and (ii) a decrease of approximately 40% to 45% in promotion service fee income for this year compared to RMB 12.6 million in the previous year, mainly due to a decrease in the number of promotion projects.