Baidu International (02668) is forecasting that losses attributable to shareholders in the medium term will narrow year-on-year to approximately HK$82 million to HK$102 million

According to the Zhitong Finance App, Baideng International (02668) announced that the Group's expected revenue for the period will be drastically reduced by about 60% compared to the six months ended June 30, 2025 (corresponding period). Despite this decrease in earnings, losses due to shareholders who have obtained the Company's equity in the six months ended June 30, 2026 are expected to range from HK$82 million to HK$102 million, while losses of HK$114 million were recorded during the corresponding period.

The Board believes that the decrease in expected revenue is mainly due to (i) a significant reduction in revenue contributions from the Group's supply chain business, mainly due to weak domestic market demand and subsequent decline in trading volume; (ii) the decline in earnings in the iron ore mining and mineral processing division, mainly due to the temporary suspension of production for safety inspections and facility rectification in response to recent regulatory compliance requirements; and (iii) the reclassification of discontinued operations relating to the sale of hotel management and catering services businesses.