Fenmei Packaging (00468) Fa Ying Jing expects mid-term net profit of about 3.4 million yuan to 10.2 million yuan, a year-on-year decrease of about 87.7% to 95.9%

According to the Zhitong Finance App, Fenmei Packaging (00468) announced that the Group is expected to record revenue of approximately RMB 732 million to RMB 990 million (same period in 2025: RMB 1,007 million) for the six months ending June 30, 2026, a decrease of about 1.6% to 27.3% compared with the same period in 2025. Net profit is expected to be recorded during this period of approximately RMB 3.4 million to RMB 10.2 million (same period in 2025: RMB 83 million), a decrease of about 87.7% to 95.9% compared to the same period in 2025.

The reason for the decline in revenue during this period was that export orders were gradually sent to subsidiaries of international business holdings starting in 2025, and then placed by these companies to the company, leading to a decrease in the unit price from such orders; at the same time, the total volume of such orders also decreased; the reason for the decline in net profit was (i) export orders were placed by subsidiaries holding international business rather than directly from third party customers, leading to a decline in revenue and gross margin related to international business; (ii) for Greatview Holdings International in March 2025 The accounting treatment of Limited investment interests has changed, and applications to obtain relevant financial information are still pending in court, resulting in failure to confirm the share of investment profits compared to the same period in 2025.