Tianbao Group (01979) Fa Ying Guang expects profit attributable to company owners to decrease by about 40% to 50% year-on-year in the first half of the year

According to Zhitong Finance App News, Tianbao Group (01979) announced that the group expects the profit attributable to company owners to decrease by about 40% to 50% year-on-year in the first half of 2026, and the profit attributable to company owners for the same period of 2025 is about HK$212 million. The expected decline in profit is mainly due to continued geopolitical tension, sharp increases in oil prices and precious metals prices, which put pressure on gross profit due to significant increases in raw material costs, and the negative impact of RMB appreciation on export business during the period.