Changes in Hong Kong stocks | Luyuan Group Holdings (02451) fell more than 3%. Profit attributable to shareholders in the first half of the year is expected to fall by no more than 35% year-on-year, and industry demand faces cyclical adjustments

The Zhitong Finance App learned that Luyuan Group Holdings (02451) fell by more than 3%. As of press release, it was down 3.6% to HK$12.85, with a turnover of HK$8.492 million.

According to the news, Luyuan Group Holdings recently announced that the profit attributable to the Company's owners for the six months ending June 30, 2026 will be reduced by no more than 35% compared to the profit attributable to the Company's owners (approximately RMB 110 million) for the six months ending June 30, 2025.

The reduction in profit attributable to the company's owners during the reporting period was mainly driven by two factors at the level of industry and company strategy. At the industry level, after fully transitioning to new national standards, consumers need time to adapt to new products. Demand from end users seeking replacement slowed down, leading to a year-on-year decline in sales, and the company's revenue as a result. At the strategic level of the company, in order to seize the opportunities brought by industrial upgrading, the company is actively expanding the new growth curve, including high-speed electric motorcycles and physical intelligent robots, while also speeding up overseas market channel construction and product localization. Related R&D costs and upfront investment increased sharply year over year, leading to a temporary decline in profit.