UNITED LAB (03933 HK) Issues Profit Warning, Projects 24.7% YoY Decline in 2025 Net Profit to RMB2.00 Billion

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The United Laboratories International Holdings Limited (UNITED LAB, 03933 HK) announced that, based on unaudited management accounts, the Group expects to post approximately RMB2.00 billion in profit for the financial year ended 31 December 2025, down about 24.74% from the RMB2.66 billion recorded in 2024.

Management attributed the earnings contraction primarily to weaker pricing in two key business lines: 1. Intermediate Products: segment profit is forecast to fall by about RMB1.60 billion year-on-year. 2. Bulk Medicine: segment profit is projected to decrease by roughly RMB0.40 billion.

Partially offsetting these declines, the Finished Products segment is expected to deliver a profit increase of around RMB1.40 billion, bolstered by approximately RMB1.30 billion in licence-fee income from Novo Nordisk A/S.

The financial figures remain subject to finalisation and audit review. UNITED LAB cautioned shareholders and prospective investors to exercise prudence when trading its shares ahead of the formal 2025 results announcement and annual report release.

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