Core Viewpoint - Huajin International Holdings (02738.HK) anticipates a significant decline in revenue and a shift from profit to loss for the six months ending June 30, 2025, primarily due to weak market demand and increased competition [1][3]. Revenue and Profit Summary - The company expects revenue to be between approximately RMB 720 million and RMB 780 million, representing a decrease of about RMB 24.265 billion to RMB 24.865 billion compared to the previous period, a decline of approximately 75.7% to 77.5% [1]. - The expected loss attributable to shareholders is between RMB 490 million and RMB 530 million, contrasting with a profit of approximately RMB 16.9 million in the previous period [1]. Reasons for Revenue Decline - Weak market demand and intensified competition have led to a dual pressure on both domestic and international demand, resulting in insufficient order growth and price competition among industry players [3]. - The impact of trade environment and tariff policies has caused a significant drop in sales volume and average selling prices for downstream customers, further exacerbated by order cancellations from long-term clients [3]. - Rising raw material costs, particularly for hot-rolled steel coils, have not been matched by timely price adjustments for the company's products, leading to increased production costs [3]. - Low capacity utilization has resulted in higher unit processing costs due to fixed manufacturing expenses being spread over a significantly reduced production volume [3]. Company Overview - Huajin International Holdings is a cold-rolled carbon steel processing company located in Jiangmen City, Guangdong Province, China, primarily engaged in processing hot-rolled steel coils into customized cold-rolled steel strips, plates, welded steel pipes, and galvanized steel products [4][5]. - The company serves a wide range of industries, including light industry hardware, home appliances, furniture, motorcycle/bicycle parts, and LED lighting, providing customized processing, cutting, storage, and distribution services for cold-rolled and galvanized steel products [5].
华津国际控股：预期中期公司拥有人应占亏损约4.9亿-5.3亿元