Maico Pipe Industry (01553.HK) issues a profit warning, expecting mid-term net profit to decrease to approximately 43 million, a year-on-year decline of about 50.3%.

Zhitong Finance APP news, Maike Pipeline (01553.HK) announced that it expects its revenue in the mid-2026 to decrease from approximately RMB 1.281 billion in the same period of 2025 to about RMB 746 million, a decline of approximately 41.8%; net profit for the period is expected to drop from RMB 86.5 million in the same period of 2025 to about RMB 43 million, a decrease of approximately 50.3%. The decline in the group's revenue and net profit for the period is mainly due to the oversupply in the domestic steel pipe industry, intensified market competition, and disruptions in overseas shipments caused by geopolitical issues in the Middle East, resulting in a reduced sales volume of steel pipe products.