KINGWORLD Issues Profit Warning, Forecasts 70%-75% Drop in Annual Net Profit

Stock News

Mar 24

KINGWORLD (01110) announced that it expects to return to profitability in the second half of 2025, with the company's attributable net profit turning positive from a loss of approximately RMB 5.4 million in the first half. However, the group still anticipates that the full-year attributable net profit for 2025 will decrease by about 70% to 75% compared to the RMB 41.6 million recorded in 2024. The board attributes the expected decline in net profit primarily to the following factors: (i) a reduction of approximately 15% to 20% in the gross profit margin of its Chinese distribution business for branded imported pharmaceutical and healthcare products, mainly due to a slowdown in market demand for related products; and (ii) a projected decrease of about 40% to 45% in promotion service fee income for the current year, compared to the previous year's RMB 12.6 million, largely resulting from a reduction in the number of promotion projects.

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However, the group still anticipates that the full-year attributable net profit for 2025 will decrease by about 70% to 75% compared to the RMB 41.6 million recorded in 2024. The board attributes the expected decline in net profit primarily to the following factors: (i) a reduction of approximately 15% to 20% in the gross profit margin of its Chinese distribution business for branded imported pharmaceutical and healthcare products, mainly due to a slowdown in market demand for related products; and (ii) a projected decrease of about 40% to 45% in promotion service fee income for the current year, compared to the previous year's RMB 12.6 million, largely resulting from a reduction in the number of promotion projects.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1197","symbol_name":"保健护理产品经销商","start_time":0,"source_url":"","article_id":"1127706348","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127706348","pubTimestamp":1774356258,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"KINGWORLD (01110) announced that it expects to return to profitability in the second half of 2025, with the company's attributable net profit turning positive from a loss of approximately RMB 5.4...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1197":"保健护理产品经销商","01110":"金活医药集团"},"translate_title":"金活发盈利预警预测全年净利降70%-75%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01110":1},"content_text":"KINGWORLD (01110) announced that it expects to return to profitability in the second half of 2025, with the company's attributable net profit turning positive from a loss of approximately RMB 5.4 million in the first half. 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