HUNG HING PRINT (00450) issues profit warning. It is expected that the company's equity holders will incur a loss of approximately HKD 79 million in FY 2025.
Hongxing Printing Group (00450) announced that it is expected to incur a loss of approximately HK$79 million for the year ending December 31, 2025, compared to a loss of HK$43 million in 2024. The uncertainty of US tariffs and policies has led to an increase in landed costs and sudden disruptions in logistics, causing hesitation among overseas customers when placing orders. The company prioritizes excellent customer service, investing resources to maintain high standards of delivery and support for customers, even at the expense of short-term costs. While this customer-centric strategy has strengthened long-term partnerships and market position, it has also led to a decrease in gross profit margins during this disruptive period.
HUNG HING PRINT (00450) has announced that it expects a loss of approximately HKD 79 million attributable to equity holders of the company for the year ending on December 31, 2025, compared to a loss of HKD 43 million in 2024. The uncertainty of US tariffs and policies has led to an increase in landed costs and sudden disruptions in logistics, causing overseas customers to hesitate when placing orders. The company prioritizes excellent customer service, allocating resources to maintain high standards of delivery and customer support, while bearing the impact of short-term costs. This customer-centric strategy, while consolidating long-term relationships and market position, has also resulted in a decrease in gross profit margin during this disrupted period.
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