KINGDOM HOLDINGS (00528.HK): Expects to Swing to Profit in Interim Period with Net Profit of No Less Than RMB100 Million

NewTimeSpace News: On 21 July 2026,KINGDOM HOLDINGS(00528.HK) issued a positive profit warning. It expects interim net profit to stand at no less than RMB100 million, with net profit attributable to owners of the parent company also hitting no less than RMB100 million, representing a marked improvement from a net loss of approximately RMB122 million recorded in the same period last year.

According to the announcement, the swing from loss to profit is mainly attributable to the gradual recovery of linen yarn prices starting from the second half of 2025, which lifted the Group’s operating profit margin and overall profitability. In addition, China’s domestic linen consumption market has grown into one of the world’s largest linen consumption markets, driving up product demand and profit margins.

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