EAGLE NICE (02368.HK): Profit warning; interim profit seen down 40-45%

NewTimeSpace · 2026/10/22 17:12 · By Xuran Lin

On 22 October 2026, EAGLE NICE (02368.HK) warned interim profit will fall about 40-45% from HKD 204.5 million a year earlier on higher costs and demand.

NewTimeSpace News: On 22 October 2026, Eagle Nice (International) Holdings Limited (stock code: 02368) issued a profit warning, expecting profit attributable to owners for the six months ended 30 September 2026 to drop about 40% to 45% from HKD 204.5 million a year earlier. The decline stems from higher labour and indirect production costs, weak demand amid economic uncertainty, US tariffs disrupting production schedules, and RMB appreciation against the Hong Kong dollar.

Several new plants have come on stream since the second quarter of the fiscal year ended 31 March 2026, raising headcount, wages, depreciation and other indirect costs, while minimum wage rises and inflation added pressure. Sales fell about 3.0% year on year as brand customers bargained more cautiously, and the average monthly RMB rate rose about 5% to 7% against the Hong Kong dollar. The unaudited interim results will be published on 12 November 2026.

EAGLE NICE 02368.HK Profit Warning