Newmans (02530) is expected to make a net profit of about 48.9 million yuan in the medium term

According to Zhitong Finance App, Newmans (02530) issued an announcement. Based on a preliminary review of the Group's unaudited comprehensive management accounts for the six months ended June 30, 2026 (this period) and the latest information currently available, the Group expects to obtain a net profit of approximately RMB 48.9 million for the period, while net profit of approximately RMB 2.1 million for the six months ended June 30, 2025.

The Board of Directors believes that the increase in expected net profit is mainly due (including) to a significant increase in net other income (loss). The increase is mainly due to the Group's investment activities, including income of approximately RMB 68 million from the sale of financial assets calculated as profit and loss at fair value, which was partially offset by the net loss of approximately RMB 2020 million in unrealized fair value net loss of about RMB 2020 million from financial assets included in fair value. The performance of the Group's nutrition sales business is similar to the net profit of approximately RMB 2.1 million in the same period last year.