Core Viewpoint - 恒富控股 (00643) has issued a profit warning, expecting a significant increase in net losses for the six months ending June 30, 2025, amounting to approximately 30 million HKD, compared to a loss of about 12 million HKD for the six months ending June 30, 2024 [1] Group 1: Financial Performance - The company anticipates a substantial net loss of approximately 30 million HKD for the upcoming six-month period [1] - The expected loss for the previous six-month period was around 12 million HKD [1] - Revenue is projected to decline by approximately 70% due to a significant reduction in order volume from major clients in the US and Europe [1] Group 2: Operational Challenges - The decline in revenue is attributed to changes in procurement strategies by clients, alongside broader macroeconomic challenges [1] - The company's gross margin has decreased, influenced by ongoing inflationary pressures on supply chain and subcontractor pricing [1] - There has been a reduction in sales volume of higher-margin children's clothing, contributing to the overall decline in profitability [1] Group 3: Facility and Production Issues - The company faces idle costs associated with its Heshan facility, which will cease handling any further production orders after completing existing ones by May 2024 [1]
恒富控股午前跌超33% 预期中期取得大幅扩大的净亏损约3000万港元