Yue Yuen Industrial (00551) has issued a profit warning, stating that the group expects profit attributable to owners for the first three quarters of 2026 to decline by approximately 50% to 55% compared with the same period last year.
The decline is mainly due to multiple challenges facing the operating environment of the group's manufacturing business, including weak demand that led to a smaller sales scale, combined with rising costs and pressure on production efficiency, all of which had a negative impact on the group's gross profit margin from manufacturing operations during the period.
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