GOLDENPOWER (03919) has issued a profit warning, expecting a net loss of between HK$8 million and HK$11 million for the six months ending June 30, 2026. This compares to a net loss of approximately HK$3.3 million in the same period a year ago, representing a significant increase.

The company's board attributes the widened loss to several factors. A key reason is a decrease in sales revenue compared to the previous period, as major customers have struggled to adapt to higher selling prices. Additionally, a reduction in the export tax rebate rate has impacted profitability. A stronger renminbi against the Hong Kong dollar has also driven up manufacturing costs. Furthermore, depreciation and amortisation expenses have increased compared to the prior corresponding period.