AuGroup (SHENZHEN) Cross-Border Business (HKG:2519) said it expects net profit attributable for the six months ended June 30 to fall between 50% and 62% to about 100 million yuan to 130 million yuan from a year earlier, according to a Wednesday bourse filing.
Shares of the online retailer fell over 4% in Thursday morning trade.
The company cited higher costs from tariff policy changes, rising logistics expenses, and increased warehouse leasing costs as factors weighing on earnings.
Early-stage spending on strategic incubation projects also diluted profits.
AuGroup will release its interim results by the end of August.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.