China's Luxking Group annual revenue falls, hurt by BOPP film machine downtime

Luxking group

26/08/2026 14:27

Overview
China-based packaging film maker's full-year revenue fell 2.6% to RMB 555.6 mln
Net profit attributable to owners dropped 63.7% to RMB 2.8 mln
Profitability decline driven by higher tax expense

Outlook
Company did not provide specific guidance or outlook for the current or future periods

Result Drivers
BOPP FILM DOWNTIME – Revenue fell 2.6%, as machine maintenance cut BOPP film capacity and output
IS TAPES EFFICIENCY – Stronger IS tapes sales and machinery investments lifted gross margin to 16.3% from 15.8%
INTERCOMPANY DIVIDEND TAX – Net profit fell 63.7% as a RMB5.9 mln withholding-tax charge lifted income tax expense 167.1%

Company press release: ID:nSN8zYWTm

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
 
RMB 2.8 mln
 

Reuters Recommended Reads
Aug 26 - Hong Kong's Hung Hing Printing H1 loss widens on higher administrative, selling costs
Aug 25 - China's Shandong Xinhua profit drops on domestic, international competition
Aug 26 - China's Sanjiang Fine Chemicals H1 net profit more than doubles as margins improve

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)