YUE YUEN IND (00551) fell more than 3%, declining 3.05% to HK$15.9 by the time of writing, with a turnover of HK$38.4499 million. The company reported that its net consolidated operating revenue for March 2026 was USD 604 million, a decrease of 8.2% compared to the same period last year. For the three months ended March 31, 2026, the cumulative net consolidated operating revenue was USD 1.985 billion, down 2.2% year-on-year. Huaxi Securities previously noted that in the short term, the first quarter is affected by overlapping long holidays in China, Indonesia, and Vietnam. For the full year, factors such as tariffs, macroeconomic conditions, and geopolitical uncertainties are expected to lead to cautious ordering from clients. The brokerage anticipates that shipment volumes and gross profit margins may decline year-on-year, while average selling prices are projected to remain stable or experience a slight decrease due to a high base effect and the impact of tariff allocations.