YUE YUEN IND (00551) Issues Profit Warning: Expects Profit Attributable to Owners of the Company for the First Three Quarters to Decrease by Approximately 50% to 55% Year-on-Year
Yue Yuen Industrial (00551) announced that the Group expects profit attributable to owners of the Company for the first three quarters of 2026 to decrease by approximately 50% to 55% year-on-year, primarily due to multiple challenges in the operating environment of the Group's manufacturing business, with weak demand leading to a decline in sales scale, compounded by rising costs and pressure on production efficiency, which have had a negative impact on the gross profit margin of the Group's manufacturing business during the period.
YUE YUEN IND (00551) announces that the Group expects the profit attributable to owners of the Company for the first three quarters of 2026 to decrease by approximately 50% to 55% year-on-year. This is mainly due to multiple challenges in the operating environment of the Group's manufacturing business, with weak demand leading to a decline in sales scale, compounded by rising costs and pressure on production efficiency, which have had a negative impact on the gross profit margin of the Group's manufacturing business during the period.
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