China Beidahuang Industry Group Holdings Limited (Stock Code: 00039) reported unaudited interim results for the six months ended 30 June 2025. During the period under review, the Group recorded revenue of approximately HK$158.36 million, up around 61.98% from HK$97.77 million in the previous year’s corresponding period. Cost of sales was approximately HK$152.52 million, leading to a gross profit of HK$5.84 million.

The Group reported a loss for the period from continuing operations of around HK$42.34 million, compared to a loss of approximately HK$13.03 million in the same period last year. According to the announcement, the wider loss stemmed partly from a lower gross profit margin in new product sales and the recognition of certain one-off expenses, including share option expenses of about HK$12.72 million and a fair value loss on investment properties of around HK$14.25 million.

The trading of food products segment remained the largest contributor, posting revenue of approximately HK$140.36 million. The rental segment, which involves leasing logistics facilities and office spaces, reported revenue of about HK$18.0 million.

As at 30 June 2025, the Group’s net current liabilities amounted to HK$70.34 million, and cash and cash equivalents stood at HK$13.88 million. Bank and other borrowings totaled approximately HK$62.53 million, with a gearing ratio of around 114.88%. The Group indicated no interim dividend for the reporting period. Several ongoing and potential acquisitions were also highlighted, including proposals involving a Build-Operate-Transfer (BOT) project and a majority stake in Hunan Tianyu Ecological Agriculture Development Co., Ltd.

The announcement further clarified litigation updates and corporate governance matters, noting that the Group took steps to ensure compliance with Board composition requirements under the Listing Rules. The Company stated it has applied for the resumption of trading in its shares on the Hong Kong Stock Exchange effective 27 November 2025.