China Hongbao Holdings (8316) Announces Interim Results for Six Months Ended 30 September 2025

Bulletin Express
2025/11/27

China Hongbao Holdings (8316) recorded revenue of approximately HK$47.4 million for the six months ended 30 September 2025, an increase from HK$33.9 million in the same period last year. The internet services segment contributed around HK$46.1 million, while foundation and other construction works reported about HK$1.3 million. Cost of services rose to HK$41.2 million, resulting in a gross profit of HK$6.3 million and a gross profit margin of approximately 13.2%.

The company reported an impairment loss of around HK$6.0 million on trade receivables, other receivables, prepayments, and contract assets. Administrative expenses came in at approximately HK$13.6 million, partly reflecting increased digital marketing costs in the internet services segment. The overall net loss was HK$14.4 million, higher than the HK$4.4 million net loss recorded for the prior comparable period.

As at 30 September 2025, the group’s net liabilities stood at approximately HK$30.1 million. The board has not recommended the payment of any interim dividend. Management highlighted the temporary suspension of its Hong Kong construction unit but indicated a continued focus on strengthening its internet services as part of its operational strategy.

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