Core Viewpoint - Yonglianfeng Holdings (09882) anticipates a net loss of approximately HKD 2.5 million to HKD 3.8 million for the fiscal year ending December 31, 2025, representing a decline of about 140% to 160% compared to a net profit of approximately HKD 6.3 million for the fiscal year ending December 31, 2024 [1] Group 1 - The expected decrease in net profit is primarily due to a reduction in gross margin attributed to changes in the product mix, specifically a decrease in sales of high-margin turntable bearings and an increase in sales of lower-margin machinery and minerals [1] - The change in the amount of surrender value from life insurance plan investments is expected to result in a loss of approximately HKD 3 million [1] - Sales and distribution expenses are projected to increase by approximately HKD 1.5 million, including marketing expenses incurred for developing OEM businesses in Japan and China during the reporting period [1]

尽管预期集团于报告期间的收益较截至2024年12月31日止年度的1.146亿港元增加约30%至40%外，董事 会认为，报告期间纯利的预期减少乃主要因以下因素所致：(i)毛利率减少乃归因于产品组合变动所致， 表现为回转支承(利润率较高)销售减少，而全新机械及矿物(利润率较低)销售有所增加；(ii)人寿保险计 划投资的退保金额变动产生亏损约300万港元；及(iii)销售及分销开支增加约150万港元，包括但不限于 在报告期间内于日本及中国发展OEM业务所产生的营销开支。 格隆汇2月12日丨永联丰控股(09882.HK)公布，预期集团于截至2025年12月31日止财政年度录得净亏损 约250万港元至380万港元，较截至2024年12月31日止财政年度的纯利约630万港元，利润减少约140%至 160%。 ...

Core Insights - Yonglianfeng Holdings (09882.HK) reported a mid-year performance for 2025 with revenue of approximately HKD 103 million, representing a year-on-year increase of 123.93% [1] - The gross profit was HKD 16.054 million, showing a year-on-year decrease of 10.96% [1] - The profit attributable to the company's owners was HKD 1.54 million, reflecting a significant year-on-year decline of 84.52% [1] - Basic and diluted earnings per share were reported at HKD 0.02 [1]

Core Viewpoint - Yonglianfeng Holdings (09882.HK) reported a significant increase in revenue but a substantial decrease in profit, highlighting the challenges faced in a competitive market and the need for new business opportunities [1] Financial Performance - Revenue for the six months ending June 30, 2025, was HKD 103 million, representing a year-on-year increase of 123.93% [1] - Profit attributable to owners decreased by 84.52% to HKD 1.54 million, with basic and diluted earnings per share at HKD 0.02 [1] Business Strategy - The company is extending its product procurement business into minerals and related products, responding to increasing customer inquiries about expanding product range, particularly in mining machinery [1] - The company aims to leverage opportunities in mineral trading to enhance its business scope and profitability, establishing a supply network for minerals from mining operations to sell to clients [1]

Core Viewpoint - Yonglianfeng Holdings (09882) reported a significant increase in revenue for the first half of 2025, but faced a decline in gross profit and net profit due to changes in product mix [1] Financial Performance - Revenue reached approximately HKD 103 million, representing a year-on-year increase of 123.93% [1] - Gross profit was HKD 16.05 million, showing a year-on-year decrease of 10.96% [1] - Profit attributable to owners was HKD 1.54 million, down 84.52% year-on-year [1] - Basic and diluted earnings per share were HKD 0.002 [1] Product Mix Impact - The decrease in gross profit was primarily attributed to changes in the product mix [1] - Sales of lower-margin new machinery and mineral products increased, while sales of higher-margin slewing bearings declined, leading to a drop in gross margin [1]

Core Insights - Yonglianfeng Holdings (09882) reported a mid-year performance for 2025, with revenue of approximately HKD 103 million, representing a year-on-year increase of 123.93% [1] - Gross profit was HKD 16.054 million, showing a year-on-year decrease of 10.96% [1] - Profit attributable to shareholders was HKD 1.54 million, down 84.52% year-on-year [1] - Basic and diluted earnings per share were HKD 0.02 [1] Revenue and Profit Analysis - The significant increase in revenue was primarily driven by changes in the product mix [1] - Despite the rise in sales of lower-margin new machinery and mineral products, the decline in sales of higher-margin slewing bearings led to a decrease in gross profit margin [1]

Group 1 - The board meeting of Yonglianfeng Holdings (09882.HK) is scheduled for August 13, 2025 [1] - The meeting will approve the unaudited consolidated interim results for the six months ending June 30, 2025 [1] - The board will also consider the proposal for the payment of an interim dividend, if any [1]

Core Viewpoint - Yonglianfeng Holdings (09882.HK) anticipates a significant decline in net profit for the mid-2025 period, projecting a drop of approximately 85% to 95% compared to the unaudited net profit of about HKD 9.9 million for the same period in 2024 [1] Group 1 - The company expects net profit for mid-2025 to fall between HKD 0.495 million and HKD 1.485 million [1]

Core Viewpoint - Yonglianfeng Holdings (09882) expects a significant decline in net profit for the mid-2025 period, projecting a drop of approximately 85% to 95% compared to the unaudited net profit of about HKD 9.9 million for the same period in 2024 [1] Summary by Relevant Categories Financial Performance - The company anticipates a decrease in net profit primarily due to a reduction in gross margin attributed to changes in product mix, despite an increase in sales of new machinery and minerals (which have lower profit margins) [1] - There is an expected fair value loss recognized on financial assets measured at fair value through profit or loss [1] - Increased sales and distribution expenses are projected for the mid-2025 period, including but not limited to freight costs [1]

Core Viewpoint - The company, Yonglianfeng Holdings (09882), anticipates a significant decline in net profit for the mid-2025 period, projecting a drop of approximately 85% to 95% compared to the unaudited net profit of about 9.9 million HKD for the same period in 2024 [1] Summary by Relevant Categories Profit Forecast - The expected net profit for mid-2025 is projected to decrease by approximately 85% to 95% from the unaudited net profit of around 9.9 million HKD in 2024 [1] Factors Contributing to Profit Decline - The reduction in net profit is primarily attributed to a decrease in gross margin due to changes in the product mix, with an increase in sales of new machinery and minerals (which have lower profit margins) and a decrease in sales of rotary bearings (which have higher profit margins) [1] - The company has also reported fair value losses on financial assets measured at fair value through profit or loss [1] - Additionally, there is an increase in selling and distribution expenses for the mid-2025 period, including but not limited to freight costs [1]