Kingboard Chemical Holdings Limited (00320.HK) issued a profit warning, expecting a year-on-year decrease of approximately 70% to 80% in net profit attributable to shareholders.
Zhitan Financial News APP reported that Kingboard (00320.HK) has announced that it is expected that the company's attributable net profit for the fiscal year ending March 31, 2026 (25-26 financial year) will decrease by approximately 70% to 80% compared to the same period last year, which was approximately HK$92.6 million. The decrease in attributable net profit is mainly due to the absence of significant net exchange gains of approximately HK$14.2 million that positively impacted profits in the same period last year; in response to evolving geopolitical risks and in line with the strategic priorities of the group and its clients, the group has actively invested to accelerate business and technology development, while expanding its overseas manufacturing bases.
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