Raymond Industrial Limited has alerted shareholders and prospective investors to an expected net loss of between HK$10.00 million and HK$11.00 million for the six months ended 30 June 2026. This contrasts sharply with the HK$32.51 million unaudited net profit recorded in the corresponding 2025 period, marking a swing of roughly HK$42.50 million.

Management attributes the anticipated downturn to three primary factors:

1. Currency headwinds – An exchange loss stemming from the appreciation of the renminbi against the Hong Kong dollar. 2. Rising operating expenses – Higher costs linked to the establishment and running of a manufacturing operation in Indonesia, initiated to mitigate US-China trade-related geopolitical risks. 3. Commodity cost inflation – Notable price surges in key inputs such as plastics, copper, aluminum, lithium batteries and printed circuit board assemblies, driven by market disruptions associated with the “US-Iran” conflict.

The company is finalising its unaudited interim results, which are scheduled for release on 21 August 2026. Figures disclosed in the profit warning are based on management accounts and draft financial statements that have yet to be reviewed by the audit committee or external auditors.

Investors are urged to exercise caution when trading Raymond Industrial shares until the formal interim results are published.