Ji Feng Packaging (01820.HK) issued a profit warning, expecting the net loss for the first half of the year to increase to no more than 25 million yuan.

Financial Express App News, Ji Feng Packaging (01820.HK) announced that the group is expected to incur a net loss of not more than RMB 25 million for the six months ending on June 30, 2025, compared to a net loss of approximately HK$15.3 million for the six months ending on June 30, 2024. According to the directors, the increase in losses is mainly attributed to a decrease in product prices, as well as increased operating costs due to the new production plants in Huzhou and Wuhan. Despite these circumstances, the Board of Directors expects that it will not have a significant adverse impact on the overall operation and cash flow of the group.