Jinli Group (03919) issued a profit warning. Net loss for the first half of the year is expected to increase year-on-year from HK$8 million to HK$11 million

According to the Zhitong Finance App, Jinli Group (03919) announced that the Group expects a net loss of HK$8 million to HK$11 million for the six months ending June 30, 2026, while a net loss of approximately HK$3.3 million for the six months ended June 30, 2025 (the previous period).

The Board believes that the increase in net loss over the previous period was due to the failure of major customers to adapt to higher sales prices, leading to a decrease in sales revenue compared to the previous period; a reduction in export tax rebate rates; a rise in manufacturing costs due to the strengthening of the RMB against the Hong Kong dollar; and an increase in depreciation and amortization expenses compared to the previous period.