Quanfeng Holdings (02285) Fa Yingxi expects net profit to increase by about 5% to 15% year-on-year in the first half of the year

According to the Zhitong Finance App, Quanfeng Holdings (02285) announced that the Group expects to achieve net profit of about 100 million US dollars to 110 million US dollars in the six months ending June 30, 2026, while net profit of about 95.3 million US dollars in the same period last year, an increase of about 5% to 15%. The Group does not anticipate any non-Hong Kong IFRS adjustments during the reporting period. As a result, the adjusted net profit measured by non-Hong Kong IFRS during the reporting period is expected to be equal to the reported net profit, and is expected to increase by about 32% to 45% compared to the non-Hong Kong adjusted net profit of approximately US$76 million obtained in the same period last year.

The expected positive increase in net profit during the reporting period was mainly driven by the following factors: (i) steady growth in revenue scale, particularly in the company's own brand product business; (ii) high gross profit margin brought about by EGO products; and (iii) tariff rebates.