Yan Heng Industrial Holdings (03628) is forecasting a medium-term profit of around HK$6 million to around HK$8 million

According to the Zhitong Finance App, Renheng Industrial Holdings (03628) announced that the Group expects to record profit of approximately HK$6 million to approximately HK$8 million for the six months ending June 30, 2026 (relevant period), compared to about HK$13.1 million for the six months ended June 30, 2025 (corresponding period). The Group's net profit for the relevant period is expected to decrease compared to the corresponding period. The expected decline is mainly due to price competition among bidders and a sharp drop in contract sales prices during the relevant period, leading to a sharp decrease in revenue (accounting for a significant proportion of total revenue) from tobacco flavor and fragrance blending and flavoring machinery products with high gross margins.