Shanghai Longcheer Issues Profit Warning on Weaker Demand and Higher Costs
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Shanghai Longcheer Technology Co., Ltd. (HK:9611) has issued a profit warning, expecting a significant drop in profit attributable to shareholders for Q1 2026, forecasting around RMB15.4 million, down from RMB154.1 million the previous year. This decline is due to weaker demand in consumer electronics, increased investments in AI PCs and automotive electronics, and higher finance costs from unfavorable USD/RMB exchange rates. The company advises caution for shareholders and potential investors as these figures are based on unaudited accounts and may change with the full results.
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