KINGWORLD (01110) announced that it expects its profit for the first half of 2025 to decrease by approximately 70% to 75% compared to the same period, with the first half of 2024 recording a profit of RMB 45.6 million. The company expects a loss attributable to owners of approximately RMB 4.5 million, compared to a profit attributable to owners of approximately RMB 30.7 million in the first half of 2024. The board of directors believes that the decrease in group profit is primarily due to a reduction of approximately 50% to 55% in gross profit from the China distribution business of branded imported pharmaceutical and healthcare products, mainly attributed to slower market demand for related products. This decrease was partially offset by an increase of approximately 10% to 15% in gross profit to Shenzhen Dongdixin Technology Co., Ltd.
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