C&D NEWIN (00731) announced that the group expects to record a net comprehensive loss of approximately HK$38-43 million for the six months ending June 30, 2025, compared to a net comprehensive loss of approximately HK$33.8 million for the six months ending June 30, 2024.

The increase in net comprehensive loss for the current period compared to the previous period is primarily attributable to: (i) a decline in the group's paper product selling prices during the current period due to the complex and volatile international trade environment, sluggish consumer market recovery, and overall pricing pressure in the packaging paper market, resulting in a slight decrease in the group's revenue for the current period; and (ii) a reduction of approximately HK$6.3 million in government preferential treatment related to VAT special deductions for the company's Chinese subsidiary, Yuantong Paper Industry (Shandong) Co., Ltd., compared to the previous period.