Changes in Hong Kong stocks | Mutai Textiles (01382) fell more than 6% after the warning, and net profit is expected to fall by nearly 99% at most in the medium term

The Zhitong Finance App learned that Hutai Textile (01,382) fell more than 6% after the announcement. As of press release, it had a decrease of 6.29% to HK$0.745, with a turnover of HK$2,403 million.

According to the news, Hutai Textile issued an after-market profit warning yesterday. It is estimated that for the six months ending September 30, 2026, profit attributable to the company's equity holders will be between HK$1 million and HK$10 million, down 87.4% to 98.7% from HK$79.3 million in the same period last year. The company explained that the decline was mainly due to a drop in gross margin and an increase in exchange losses.

Furthermore, the company is expected to achieve a positive EBITDA of about HK$160 million to HK$169 million during the period, while the amount after deducting exchange losses from EBITDA is approximately HK$186 million to HK$195 million. With the completion of price adjustments with customers, sales prices have been adjusted to the maximum practical extent, and the Group's gross margin and order volume for September 2026 have improved.