China Digital Video Holdings Limited (stock code: 8280) released its interim results for the six months ended 30 September 2025. Revenue decreased by 91.8% to RMB5.5 million, compared to RMB67.3 million in the same period last year. The company recorded a net loss of RMB34.9 million, improving from RMB43.6 million in the prior year.

According to the report, this decrease in revenue was mainly due to tendering delays with major customers, slower localization in the video industry supply chain, and heightened competition from new media. Cost of sales dropped to RMB3.5 million, down from RMB43.2 million, leading to a slight uptick in the gross profit margin from 35.9% to 36.0%. The company’s service-related contributions accounted for the majority of the period’s income, with solutions and products also remaining part of its core operations.

Selling and marketing expenses declined by 51.4% to RMB10.1 million, reflecting structural cost-cutting and personnel adjustments. Administrative expenses reached RMB10.7 million, down by 59.5% from the previous year, while research and development expenses stood at RMB6.1 million, down 58.5% year-on-year.

During the period, the company reported collecting RMB1.7 million in other income, largely attributed to a higher government subsidy amount and partial recovery of bad debts. No interim dividend was proposed for the period, in line with the previous year’s practice.

In terms of financial position, total assets as of 30 September 2025 amounted to RMB373.7 million, with RMB26.4 million in non-current assets and RMB347.3 million in current assets. Liabilities reached RMB445.2 million. The company stated that it is reviewing business activities for ongoing optimization and is exploring strategies that include existing businesses as well as potential diversification.

Management also indicated that the group remains focused on research and development of digital video technologies, serving TV broadcasters and various digital video content providers. While losses were sustained, the report notes that the existing principal business will continue together with potential initiatives to strengthen long-term growth prospects.