Asia Strategic Technology (01027) has issued a profit warning, forecasting a net loss of approximately RMB 20 million for the six-month period ending 30 June 2026.

According to the company's announcement, this projected deficit marks a significant deterioration from the net loss of roughly RMB 3 million recorded in the corresponding period ended 30 June 2025.

The anticipated increase in losses is primarily attributed to an expected decline in revenue of about RMB 52 million for the period, driven by weakened market conditions that have reduced demand for both nylon umbrellas and POE umbrellas.

The company noted that the unfavourable market environment has directly impacted sales volumes, with the softer demand trajectory continuing to pressure its core product lines throughout the reporting period.