Richly Field China Development Limited (Stock Code: 313) Announces 2025 Interim Results

Bulletin Express
2025/11/30

Richly Field China Development Limited (Stock Code: 313) reported unaudited interim results for the six months ended 30 September 2025. Revenue rose to approximately HK$21.69 million from HK$20.74 million for the same period in 2024, driven primarily by stronger property sales. Sales of properties grew significantly compared to the previous period, while management fee and rental income each recorded a slight decline.

The company reported a loss on revaluation of investment properties of about HK$17.83 million, alongside finance costs of approximately HK$19.29 million. Overall, the net loss attributable to owners was around HK$45.85 million, compared with HK$48.01 million for the same period last year. Basic loss per share stood at 3.93 HK cents.

As of 30 September 2025, the group had net current liabilities of roughly HK$497.60 million. Major projects include the Qinhuangdao Venice – City of Water Outlets Project in Hebei Province and the Yinchuan residential and commercial project in Ningxia Hui Autonomous Region. The Yinchuan property management business covered a total management area of about 551,800 sq.m. as of the interim period. Additional property management assignments are operated in Wuhan and Hohhot.

No interim dividend was proposed for the period under review. The company indicated it will continue focusing on property development, investment, and management in China while actively exploring growth opportunities, including potential collaborations and projects in other regions.

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