<p>MEGAIN Holdings (06939.HK) issued a profit warning, expecting a loss of between RMB 40 million to 60 million for the six months ending in June, compared to a net profit of RMB 410,000 in the same period last year. The loss is primarily due to a significant decline in the gross profit margin of the group's compatible printer consumables chip business; increased sales and distribution expenses; increased administrative expenses; and a substantial increase in asset impairment provisions</p>

06939

<p>MEGAIN issued a profit warning, expecting a loss of between 40 million to 60 million RMB for the six months ending in June, compared to a net profit of 410,000 RMB in the same period last year. The loss is mainly due to a significant decline in the gross profit margin of the group's compatible printer consumables chip business; increased sales and distribution expenses; increased administrative expenses; and a substantial increase in asset impairment provisions</p>

"Profit Warning" MEGAIN Holdings forecasts a mid-term loss of at least 40 million RMB