HK Stock Market Move | YUE YUEN IND (00551) Falls Over 8% After Profit Warning, Expects Net Profit for First Three Quarters to Drop 50% to 55% YoY

YUE YUEN IND (00551) fell over 8%, down 7.76% as of press time to HK$13.19, with turnover of HK$19.5255 million. On the news front, after market close on October 26, YUE YUEN IND issued a profit warning, expecting profit attributable to owners of the company for the first three quarters of 2026 to decrease by approximately 50% to 55% year-on-year, 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 had a negative impact on the gross profit margin of the group's manufacturing business during the period.