YIK WO INTL (08659) issues profit warning, expecting a year-on-year decrease in mid-term net profit to approximately 7-10 million yuan.

YIK WO INTL (08659) announces that the net profit for the six months ending June 30, 2024 is expected to be approximately RMB 18.8 million. The Group anticipates that the net profit for the six months ending June 30, 2025 will be between RMB 7 million and RMB 10 million. The decrease in surplus for this period is mainly due to a decrease in Group revenue, as the demand for the Group's disposable plastic fast food boxes softened after a significant growth in the past two years.