GOLDEN POWER GROUP (03919.HK): Profit Warning – Interim Net Loss Widens to HK$8 Million–HK$11 Million

NewTimeSpace · 2026/07/31 08:17 · By Jiayi Sun

NewTimeSpace News: GOLDEN POWER GROUP announced on 30 July that the Group expects to record a net loss of approximately HK$8 million to HK$11 million for the first half of 2026, representing a material widening from the net loss of roughly HK$3.3 million for the corresponding period last year.

NewTimeSpace News: On 30 July 2026, GOLDEN POWER GROUP (03919.HK) issued a profit warning. The Group anticipates an interim net loss ranging from HK$8 million to HK$11 million, compared with a net loss of about HK$3.3 million in the same period last year.

The announcement stated that the widened loss is mainly attributable to the following factors: key customers’reluctance to accept higher selling prices, resulting in lower sales revenue; reduction in export VAT refund rates; appreciation of RMB against HK dollars pushing up manufacturing costs; and higher depreciation and amortisation expenses.

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