Guangnan (Group) (01203) issued a profit warning. It is expected that the consolidated loss attributable to shareholders in the first half of the year was about HK$80 million to HK$90 million year-on-year profit and loss

According to Zhitong Finance App, Guangnan (Group) (01203) issued an announcement. It is expected that the unaudited comprehensive loss attributable to the Company's equity holders for the six months ending June 30, 2026 is about HK$80 million to HK$90 million, while the unaudited comprehensive profit attributable to the Company's equity holders for the six months ending June 30, 2025 is HK$76.21 million. The main factors affecting the aforementioned unaudited consolidated results of the Group for the six months ended June 30, 2026 are as follows:

(i) Affected by the fall in pig prices in the first half of 2026, the performance of the associated companies operating in live pig breeding and sales continued to lose money. The Group should account for a sharp year-on-year increase in the losses of the associated companies, which changed from profit to loss; in addition, the live pig supply business to Hong Kong also saw a year-on-year decline in profits due to falling pig prices; and

(ii) Competition in the tinplate industry is fierce. Sales volume and sales prices of tinplate products declined year on year. Coupled with a year-on-year increase in inventory deduction provisions, the profit of the tinplate business decreased year on year.