Linian International (09918) announced interim results. Shareholders' losses of HK$54.578 million were converted from profit to loss year-on-year

According to the Zhitong Finance App, Li Nian International (09918) announced the interim results for the six months ended June 30, 2026. The group achieved a profit of HK$312 million, a year-on-year decrease of 33.66%; the Company's equity holders should have lost HK$54.78 million during the same period last year, making a profit of HK$14.338 million; and a loss of HK$54.58 per share.

According to the announcement, the Group's revenue and gross profit for the first half of 2026 declined compared to the same period in 2025, mainly due to a decrease in customer orders and an increase in the sales cost ratio. As the geopolitical situation continues to be tense and the macroeconomic outlook continues to be uncertain, consumer confidence in the Group's main terminal markets is being pressured as a result, leading to a marked weakening in customer demand. At the same time, due to geopolitical tension and fluctuations in oil prices, and strong global demand brought about by the rapid expansion of artificial intelligence and the electric vehicle industry, the cost of raw materials and electronic components has risen significantly. Related factors have intensified competition for key materials, leading to supply restrictions and sharp increases in supplier prices, directly driving up the Group's production costs as a proportion of revenue and putting pressure on its gross margin.