SHENGLONG INTL (08481) issues a profit warning, expecting a mid-term net loss attributable to shareholders of about 10.5 million yuan, a turnaround from profit to loss compared to the same period last year.

Shenglong Jinxiu International (08481) announced that, compared to the net profit attributable to equity holders of the company of RMB 19.9 million for the six months ending June 30, 2025, the group expects to incur a net loss attributable to equity holders of the company of approximately RMB 10.5 million for the six months ending June 30, 2026. The expected net loss for the six months ending June 30, 2026, is primarily due to a significant decrease in gross profit, which is mainly attributed to (i) a decline in revenue due to falling prices and sales volume; and (ii) an increase in the prices of production materials and manufacturing costs.