Zhitong Finance App News, Shoujia Technology (00103) announced that compared with the profit of approximately HK$29.75 million after tax for the six months ending June 30, 2025, the Group expects profit after tax to drop by 50% to 70% for the six months ending June 30, 2026. The Board believes that the decline in profit after tax is mainly due to intense competition within the industry. In order to maintain market share, the sales price of steel cords fell, leading to a decline in gross margin.

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