GHW INTL (09933) announced that the group expects to achieve a net profit of approximately RMB 8 million for the six months ended June 30, 2025, compared to a net profit of approximately RMB 4.4 million for the six months ended June 30, 2024.

The board of directors attributes the increase in net profit primarily to an increase in other gains due to higher net foreign exchange gains arising from the appreciation of currencies including the Russian ruble and Mexican peso against the RMB during the period. Additionally, other income increased by approximately RMB 7.5 million due to the VAT additional deduction policy. These gains were partially offset by reduced gross profit from certain self-produced and trading products due to intensified market competition resulting from expanded market supply during the period.