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<Warning> YUE YUEN INDUSTRIAL (00551.HK) Expects 1Q26 Net Profit to Drop Approximately 50% to 55% YoY
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YUE YUEN INDUSTRIAL (00551.HK) expects its net profit for the three months ended 31 March 2026 to decrease by approximately 50% to 55% YoY. The decline was mainly attributable to the increasingly complex and volatile global economic landscape and escalating geopolitical tensions, coupled with seasonal mismatch, which have created greater uncertainties in the operating environment. This led to higher unit costs in footwear manufacturing, thereby negatively affecting the short-term profitability of the Group's manufacturing business. (ha/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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