Hong Kong's Global Bio-chem H1 revenue falls 15% on export restrictions

Global Bio-chem Technology

28/08/2026 12:55

Overview
Hong Kong corn products maker's H1 revenue fell 15% yr/yr amid intensified competition
Gross profit margin dropped to 0.3% from 13.6% a year earlier
Company posted wider net loss as production costs rose and export markets weakened

Outlook
Company says global economic conditions and weak demand are weighing on market outlook
Global Bio-chem expects continued pressure from anti-dumping duties and trade restrictions in key markets
Company plans business diversification and technological upgrades to enhance operational efficiency and competitiveness

Result Drivers
EXPORT RESTRICTIONS - EU anti-dumping duties and US tariffs on amino acid products led to a shift from export to domestic sales, intensifying competition and pressuring results
HIGHER PRODUCTION COSTS - Average production cost per unit rose 15.9% while selling prices increased only 0.4%, sharply reducing gross profit margin

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$1.004 bln
 

Analyst Coverage
The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 1 three months ago

Reuters Recommended Reads
Aug 28 - China's Best Food interim revenue falls on market competition
Aug 25 - China's Shandong Xinhua profit drops on domestic, international competition
Aug 25 - China's Flat Glass Group H1 revenue falls amid weak global demand

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-28/d6efded2-3135-4ccf-afca-50e052b9412b.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)