EverChina Int’l Holdings (202) Announces Significant Reduction in Interim Loss and 61% Revenue Growth

Bulletin Express
11/27

EverChina Int’l Holdings Company Limited (Stock Code: 202) released interim results for the six months ended 30 September 2025, reporting a 61% increase in revenue to approximately HK$74.28 million compared to the same period in 2024. The loss for the period narrowed to roughly HK$23.63 million, a 65% improvement from the previous year’s interim loss.

During the period, the agricultural operation in Bolivia contributed HK$58.04 million in revenue, driven primarily by increased soybean and rice sales, while the property investment segment recorded HK$16.25 million in rental income. A notably smaller fair value loss on investment properties and a reversal of expected credit losses on certain receivables also helped reduce the overall loss.

As of 30 September 2025, total equity stood at HK$1.08 billion, reflecting a marginal 1% decrease from 31 March 2025. Net assets per share similarly dropped by 1% to HK$0.149. Management did not recommend an interim dividend for the period.

With short-term borrowings amounting to HK$250.67 million at period-end and cash holdings of HK$61.10 million, management outlined ongoing negotiations with lenders, unutilized banking facilities, and potential divestiture of assets as liquidity measures. The consolidated financial statements were prepared on a going concern basis, supported by these planned strategies to meet financial obligations in the coming year.

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