HK Stock Market Move | Yue Yuen Industries (00551) falls more than 3% in March, with a year-on-year decrease of 8.2% in net profit from comprehensive operations.

YUE YUEN IND (00551) fell more than 3%, as of the time of writing, it fell by 3.05% to 15.9 Hong Kong dollars, with a turnover of 3844.99 million Hong Kong dollars. On the news front, YUE YUEN IND announced that in March 2026, the company's net comprehensive operating income for the month was 604 million US dollars, a decrease of 8.2% compared to the same period last year; and the net comprehensive accumulated operating income for the three months ending March 31, 2026 was 1.985 billion US dollars, a decrease of 2.2% compared to the same period last year. Huaxi previously pointed out that in the short term, Q1 was affected by the overlapping long holidays in China, Indonesia, and Vietnam, and the uncertainty of tariffs, macroeconomics, and geopolitical factors for the whole year. Customers are expected to place orders cautiously. The bank expects shipments and gross profit margins to decrease year-on-year, with ASPs stabilizing or slightly decreasing due to the impact of high bases and tariff sharing.