PRECIOUS DRAGON (01861.HK): Expects H1 Turnaround to Net Loss of No More Than HKD 16 Million

NewTimeSpace News: On 18 August 2026, Precious Dragon Technology Holdings Limited (stock code: 01861) issued a profit warning, expecting a net loss attributable to shareholders of no more than HKD 16.0 million for the first half of 2026, turning around from a net profit attributable to shareholders of approximately HKD 52.7 million in the prior-year period.

The announcement attributed the expected turnaround mainly to the non-recurrence of a disposal gain of approximately HKD 14.3 million from the sale of a yacht in the prior-year period, lower gross profit of approximately 18.3% due to reduced e-commerce sales (despite a 48.3% decrease in selling and distribution costs), and an impairment loss of approximately HKD 31.6 million on a production base in Thailand. The interim results will be announced by the end of August 2026.

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