Morimatsu International Holdings (02155.HK): Expected H1 Loss to Range from RMB150 Million to RMB180 Million

NewTimeSpace News: On 7 August 2026, Morimatsu International Holdings (02155.HK) issued a profit warning. Based on preliminary assessment of unaudited consolidated management accounts, the Group forecasts a loss of RMB150 million to RMB180 million for the reporting period, versus a profit of around RMB333 million registered in the corresponding period of last year, marking a swing from profit to loss.

The announcement indicated that the loss is mainly driven by three factors. First, geopolitical tensions in the Middle East delayed product deliveries and weighed on revenue recognition. Second, weakened downstream industry demand and fierce market competition pushed down selling prices of orders and led to higher credit impairment provisions for trade receivables. Third, the sustained appreciation of RMB against the US Dollar and Euro resulted in substantial foreign exchange losses.

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