From Yu Zhinong (00875) issued a profit warning, it is expected that the net loss due to shareholders in the medium term was about HK$9.7 million to change from profit to loss year-on-year

According to Zhitong Finance App News, Yu Zhinong (00875) issued an announcement. Based on a preliminary assessment of the Group's unaudited comprehensive management accounts for the six months ended June 30, 2026 (reporting period) and all information currently obtained by the Board of Directors, it is expected that the Group will obtain a net loss attributable to the Company's owners of approximately HK$9.7 million during the reporting period, and approximately HK$1.3 million in net profit attributable to the Company's owners during the six months ended June 30, 2025.

The net profit attributable to the owners of the Company was converted into a net loss, mainly due to (i) a decrease of approximately HK$2.4 million in gross profit; (ii) a decrease of approximately HK$9.2 million in net depreciation losses on trade and other receivables; and (iii) an increase in financing costs of approximately HK$6.3 million. This impact was partly offset by a reduction of approximately HK$6.7 million in administrative and other expenses.