China Treasures New Materials issues profit warning, projects FY2025 net profit to shrink by at least 74.82% to no less than RMB28.00 million

Bulletin Express03-23

China Treasures New Materials Group Ltd. released a profit warning indicating a sharp downturn in earnings for the year ended 31 December 2025 (FY2025). Management expects net profit attributable to equity shareholders to come in at no less than RMB28.00 million, a drop of at least 74.82 % from the RMB111.20 million recorded in FY2024.

The decline is attributed to four primary factors:

1. Revenue Pressure: Weaker sales of biodegradable shopping bags and produce bag rolls reduced gross profit.

2. Higher R&D Spend: Increased investment in research and development further compressed margins.

3. One-off Lease Refund Absent: FY2024 benefited from a one-time refund tied to the early termination of the Huizhou factory lease, which does not recur in FY2025.

4. One-off Government Grant Absent: The prior year also included a government grant related to the company’s listing, absent in the current period.

The figures are based on unaudited management accounts and have neither been reviewed by external auditors nor by the audit committee. Final audited results are scheduled for release on 31 March 2026.

Shareholders and prospective investors are urged to exercise caution when trading the company’s securities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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