Easy International Holdings (08659) is expected to have a net loss of 7.5 million yuan to 8.5 million yuan in the medium term, a year-on-year profit to loss

According to Zhitong Finance App News, Easy International Holdings (08659) issued an announcement. Based on a preliminary assessment of the Group's unaudited comprehensive management accounts for the six months ended June 30, 2026 (this period) and data currently available to the board of directors, compared with net profit of approximately RMB 9 million for the six months ended June 30, 2025, the Group expects to achieve a net loss of between RMB 7.5 million and RMB 8.5 million during the current period.

As China's environmental regulations on single-use plastic products become more stringent, particularly in some provinces and cities (such as Hainan and Shanghai), the government has banned the use of non-degradable plastics. Earnings for the period fell sharply from the six months ended June 30, 2025 due to intense market competition, reduced demand for plastic boxes after the COVID-19 pandemic, increased US tariffs, and a gradual shift in market preferences to biodegradable plastic products.