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荣阳实业(02078.HK)盈警:预期中期亏损约2660万港元

Core Viewpoint - Rongyang Industrial (02078.HK) is expected to report a loss of approximately HKD 26.6 million for the six months ending June 30, 2025, compared to a profit of approximately HKD 5.9 million for the same period ending June 30, 2024 [1] Financial Performance - Revenue is projected to decline from approximately HKD 430 million for the six months ending June 30, 2024, to approximately HKD 240 million for the six months ending June 30, 2025 [1] - Gross margin is expected to decrease from approximately 17.2% for the six months ending June 30, 2024, to approximately 11.8% for the six months ending June 30, 2025 [1] Contributing Factors - The shift from profit to loss is primarily attributed to ongoing geopolitical tensions, changing trade policies, and slower-than-expected economic recovery in several key markets, which have negatively impacted customer sentiment and order volume [1] - The decline in order volume has limited cost absorption and increased production costs, further contributing to the reduced gross margin [1]