JINYAN KAOLIN (02693) has issued a profit warning, announcing that the group expects to record a profit attributable to owners of the parent company of approximately RMB 7 million to RMB 9 million for the six months ended June 30, 2026.

This compares to a profit attributable to owners of the parent company of approximately RMB 22.7 million for the six months ended June 30, 2025. The anticipated decline in profit is primarily due to weak demand in downstream industries and intensified market competition, which have put pressure on the company's product order volume and selling prices, leading to a decrease in product sales revenue. Additionally, the company's daily operating and administrative expenses have increased compared to the six months ended June 30, 2025.