Golden Power Group Holdings Limited (Golden Power) has issued a profit warning, projecting a net loss of approximately HK$8.00 million–HK$11.00 million for the six months ended 30 June 2026. This compares unfavourably with the HK$3.30 million loss posted in the corresponding period of 2025, signalling a marked year-on-year deterioration in interim earnings.
The Board attributes the enlarged loss to four principal factors: 1. Revenue contraction, as key customers struggled to accept higher selling prices. 2. A reduced export tax-rebate rate, which directly lowered margins. 3. Renminbi appreciation against the Hong Kong dollar, inflating manufacturing costs. 4. Higher depreciation and amortisation charges relative to the prior-year period.
Management emphasises that the figures are based on unaudited management accounts and may be revised. The company plans to publish its formal interim results in late August 2026.
Shareholders and prospective investors are advised to exercise caution when dealing in Golden Power shares until the release of the confirmed interim financial statements.