Sanvo Chemicals Issues Positive Profit Alert, Anticipates Net Profit of at Least RMB 2.5 Million for First Five Months

Stock News07-07

Sanvo Chemicals (HKEX: 00301) has released a positive profit alert. According to the company's announcement, based on the group's unaudited management accounts and currently available financial data for the five months ended May 31, 2026, the group achieved a net profit of not less than RMB 2.5 million.

This represents a significant improvement compared to the net loss of approximately RMB 11.4 million recorded for the six-month period ended June 30, 2025.

The company attributed the turnaround primarily to two factors: a reduction in sales, distribution, and administrative expenses, and gains from the disposal of a subsidiary's equity interest.

Looking ahead, the group expects its performance for the six months ending June 30, 2026, to be profitable, reflecting this positive trend of increasing profit.

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