Reported about 5 hours ago
China's Feihe has announced a profit warning, estimating a potential revenue drop of up to 10% and a net profit decline of up to 47% for the first half of 2025 compared to the previous year. This decline is attributed to factors such as subsidies, decreased government grants, and inventory adjustments. Despite this, the company anticipates a low single-digit revenue increase for the full year and plans a share buyback of at least 1 billion yuan.
Source: YAHOO