• Herald Holdings expects attributable net profit of HK$ 17 million to HK$ 23 million for six months ended September 30, 2026.
• That compares with HK$ 44.2 million a year earlier, which included a one-off after-tax gain of approximately HK$ 15 million.
• The prior-year gain came from selling two Shanghai land parcels; its absence is a main driver of the decline.
• Higher labor and raw material costs, alongside renminbi appreciation, have increased mainland China manufacturing costs.
• Management remains cautious about the fiscal second half, with elevated input and logistics costs compounded by buyers pressing for lower unit prices.

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. Herald Holdings Limited 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-20261111-12408048), on November 11, 2026, and is solely responsible for the information contained therein.