Hongxing Coldchain flags 74%-77% drop in 1H net profit to RMB 9 million-RMB 10 million
PUBT · 3d ago
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- Hongxing Coldchain guided for 6M2026 net profit of RMB 9 million to RMB 10 million, down about 74% to 77% from RMB 39.7 million.
- Weak end-demand in a macro downturn hit warehousing demand as fresh-frozen pork price inversion drove destocking, lowering utilization and revenue.
- Preferential shop-rent policies, logistics subsidies, reduced gross profit; HKD-to-RMB conversion of IPO proceeds generated exchange losses.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hongxing Coldchain (Hunan) Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260807-12277650), on August 07, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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