Weili Holdings (02372) issued a profit warning. The net loss for the first half of the year is expected to change from about 11 million yuan to about 14 million yuan to a year-on-year profit to loss

According to the Zhitong Finance App, Weili Holdings (02372) announced that the Group expects to have a net loss of about RMB 11 million to approximately RMB 14 million in the six months ending June 30, 2026, while net profit of about RMB 1 million for the six months ending June 30, 2025.

For the six months ended June 30, 2026, it is expected to turn profit into loss, mainly due to: an increase in net impairment provisions for trade receivables, which is mainly due to the provision of specific reserves for a single customer; and a decrease in gross margin due to increased unit manufacturing costs and adverse changes in the product portfolio. As a result, compared to net profit for the six months ended June 30, 2025, the Group experienced a decrease in gross profit and net loss for the six months ended June 30, 2026.