Yantai North Andre Juice forecasts substantial profit increase

Yantai North Andre Juice Co., Ltd. (HKEX: 2218) announced a positive profit alert, forecasting a substantial increase in net profit attributable to shareholders for the three months ended March 31, 2025. The Group expects net profit to range from RMB80.07 million to RMB90.87 million, representing a 50% to 70% increase compared to the RMB53.36 million recorded in the same period last year. After deducting non-recurring profit or loss, the net profit attributable is expected to be between RMB79.03 million and RMB89.83 million, a 32% to 50% increase from RMB60.05 million in the corresponding prior-year period. The company attributes this growth to a significant year-on-year increase in sales volume of fruit juice concentrates due to heightened customer demand. The announcement, made by the Board, advises shareholders and potential investors to exercise caution, as the figures are based on unaudited management accounts and are subject to confirmation and adjustment. The first quarter results announcement is expected by the end of April 2025. The executive Directors of the Company are Mr. Wang An, Ms. Wang Meng and Mr. Wang Yan Hui, the non-executive Directors are Mr. Liu Tsung-Yi and Mr. Zhang Wei, and the independent non-executive Directors are Mr. Gong Fan, Ms. Wang Yan and Mr. Li Yao.