"Profit Warning" Drinda estimates a full-year loss of 1.2 billion to 1.5 billion RMB

Drinda (02865.HK) issued a profit warning, expecting a loss of between 1.2 billion to 1.5 billion RMB for the fiscal year 2025, compared to a loss of 591 million RMB in the previous year. The reason is that the industry supply and demand imbalance is still at the bottom of the cycle, coupled with multiple factors such as poor price transmission in the main industrial chain, which has put pressure on the company's operations, resulting in a phase loss in performance. At the same time, the company plans to make asset impairment provisions based on the principle of prudence, which will have a certain impact on the current period's performance