Core Viewpoint - The company, 彩星玩具 (00869.HK), reported a significant decline in revenue and is expected to incur a net loss for the six months ending June 30, 2025, compared to the same period in 2024 [1] Financial Performance - The unaudited revenue for the period is approximately HKD 186 million, a decrease from HKD 445 million in the same period of 2024 [1] - The expected net loss is around HKD 26 million, contrasting with a net profit of HKD 91 million in 2024 [1] Reasons for Performance Decline - The revenue decline is attributed to several factors: 1. The company did not benefit from the release of the movie "Godzilla x Kong: New Empire" in March 2024, leading to a decrease in product shipments related to "Godzilla x Kong" [1] 2. The "Ninja Turtles" brand lacked major entertainment events to drive demand, resulting in a slowdown in the product series [1] 3. Increased expenses for product development, molds, and media production in preparation for upcoming new products [1] Market and Trade Conditions - Trade tensions have intensified, causing delays in shipments to the U.S. market starting from April 2025, along with the imposition of tariffs on imported goods from the second quarter of 2025 [1] Investment Performance - The company's treasury investments in listed securities recorded an unrealized and realized net gain of approximately HKD 9 million, down from HKD 21 million in the same period of 2024 [1]
彩星玩具(00869.HK)盈警：预计中期净亏损约港币2600万元