Core Viewpoint - Wan Cheng Group Holdings (01451) anticipates a significant decline in financial performance for the fiscal year ending December 31, 2025, with projected consolidated revenue and profit both decreasing compared to the previous fiscal year [1] Financial Projections - The company expects consolidated revenue for the fiscal year 2025 to be approximately HKD 290 million to HKD 300 million, representing a decrease of about 29% to 31% from the HKD 421 million reported for the fiscal year 2024 [1] - Projected profit attributable to shareholders for fiscal year 2025 is estimated to be between HKD 25 million and HKD 31 million, a decline of approximately 37% to 49% from the HKD 49 million recorded in fiscal year 2024 [1] Business Operations - The anticipated decline in performance is primarily attributed to a reduction in sales orders from OEM business clients in the second half of fiscal year 2025 [1] - The core products of the company's OEM business are produced in its manufacturing base located in China, targeting the U.S. market [1] Market Environment - Ongoing trade tensions between the U.S. and China, including additional tariffs imposed by the U.S. on Chinese products, have significantly impacted the company's OEM business [1] - The company faces a highly volatile business environment influenced by U.S. trade and tariff policies and their unpredictable adjustments [1]

万成集团股份(01451)发布公告，根据本集团现有可得资料的初步评估，包括本集团截至2025年12月31 日止年度(2025财年)的未经审核合并管理账目，本集团预计将取得：2025财年合并收益约2.9亿港元至3 亿港元，较截至2024年12月31日止年度(2024财年)约4.21亿港元减少约29%至31%;及2025财年股东应占 合并利润约2500万港元至3100万港元，较2024财年的4900万港元减少约37%至49%。 董事会主要将此预期减少归因于2025财年下半年的OEM业务客户的销售订单减少。本集团OEM业务的 核心产品均在其位于中华人民共和国(中国)的生产基地生产，其主要目标为美国市场。在两国持续的贸 易紧张局势下，美国对中国产品征收额外关税对本集团OEM业务带来重大影响。股东应注意，本集团 面对目前营商环境的波动性极大，其驱动因素包括但不限于美国政府执行的贸易和关税政策及其不可预 测的调整。 ...

Core Viewpoint - The company, Wan Cheng Group Holdings (01451.HK), anticipates a significant decline in both revenue and profit for the fiscal year ending December 31, 2025, primarily due to reduced sales orders from OEM business clients amid ongoing trade tensions between the U.S. and China [1] Financial Projections - The company projects consolidated revenue for the fiscal year 2025 to be approximately HKD 290 million to HKD 300 million, representing a decrease of about 29% to 31% compared to the fiscal year 2024, which recorded approximately HKD 421 million [1] - The expected profit attributable to shareholders for fiscal year 2025 is estimated to be around HKD 25 million to HKD 31 million, reflecting a decline of approximately 37% to 49% from the HKD 49 million reported in fiscal year 2024 [1] Business Operations - The board attributes the anticipated decline in performance to a reduction in sales orders from OEM business clients in the second half of fiscal year 2025 [1] - The core products of the company's OEM business are produced at its manufacturing base in China, primarily targeting the U.S. market [1] Market Environment - The company is facing significant volatility in the current business environment, driven by factors including the U.S. government's trade and tariff policies and their unpredictable adjustments [1]