Limin Industrial (00229) is expected to lose about 10 million to about HK$11 million to profit and loss in the medium term

According to Zhitong Finance App, Limin Industrial (00229) issued an announcement. According to a preliminary review of the Group's unaudited financial results for the six months ended June 30, 2026, the Group expects to lose between HK$10 million and HK$11 million in the six months ending June 30, 2026. Compared with the unaudited net profit for the six months ended June 30, 2025, the net profit of HK$32.55 million.

The main reasons for the expected loss for the six months ending June 30, 2026 are: (1) exchange losses due to the appreciation of the RMB; (2) increased operating costs due to operating in Indonesia to mitigate geopolitical risks caused by the trade dispute between China and the US; and (3) the sharp rise in commodity prices due to the “US-Iran” war, particularly the prices of plastic, copper, aluminum, lithium batteries and printed circuit board components.