RAYMOND IND (00229) issues a profit warning, expecting a loss of approximately HKD 10 million to HKD 11 million for the interim period, transitioning from profit to loss compared to the same period last year.

RAYMOND IND (00229) announced that based on a preliminary review of the Group's unaudited financial performance for the six months ending June 30, 2026, the Group is expected to incur a loss of approximately HKD 10 million to HKD 11 million for the six months ending June 30, 2026, compared to an unaudited net profit of HKD 32.505 million for the six months ending June 30, 2025. The main reasons for the anticipated loss for the six months ending June 30, 2026, are: (1) exchange losses arising from the appreciation of the Renminbi; (2) increased operational costs due to business expansion in Indonesia to mitigate geopolitical risks arising from the Sino-U.S. trade disputes; and (3) significant increases in commodity prices affected by the "U.S.-Iran" war, particularly for plastics, copper, aluminum, lithium batteries, and printed circuit board components.