According to the Zhitong Finance App, Buyang International (02457.HK) announced that the group expects to lose about 500,000 to 4.5 million yuan in the first half of 2026, while net profit of about 5.9 million yuan for the same period in 2025. The decline in performance was mainly due to (i) the continued high market price of aluminum ingots, the main raw material, which led to an increase in the company's production costs and a decline in profits; and (ii) increased fluctuations in the foreign exchange market, which were affected by changes in exchange rates, and the company experienced large exchange losses.
Zhitongcaijing · 2d ago
Share
Listen to the news
According to the Zhitong Finance App, Buyang International (02457.HK) announced that the group expects to lose about 500,000 to 4.5 million yuan in the first half of 2026, while net profit of about 5.9 million yuan for the same period in 2025. The decline in performance was mainly due to (i) the continued high market price of aluminum ingots, the main raw material, which led to an increase in the company's production costs and a decline in profits; and (ii) increased fluctuations in the foreign exchange market, which were affected by changes in exchange rates, and the company experienced large exchange losses.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending