RUICHANG INTL (01334) Issues Profit Warning, Expects Interim Net Loss of Approximately RMB 38 Million, Turning from Profit to Loss Year-over-Year
Stock News
Aug 19
RUICHANG INTL (01334) announced that the group expects to record a net loss of approximately RMB 38 million for the six months ended June 30, 2025 (the period), compared to a net profit of approximately RMB 11.5 million for the six months ended June 30, 2024. The expected net loss for the period is primarily attributed to reduced product sales leading to decreased total revenue and gross profit for the group during the period, which is mainly due to relevant customers temporarily postponing certain material sales orders; intensifying market competition resulting in declining gross profit margins; and increased sales, research and development, and administrative expenses.
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