China In-Tech Limited Reports 42% Revenue Decline to HK$105.8 Million and HK$55.7 Million Net Loss for Fiscal Year Ending March 2025

Reuters
06-30
China In-Tech Limited Reports 42% Revenue Decline to HK$105.8 Million and HK$55.7 Million Net Loss for Fiscal Year Ending March 2025

China In-Tech Limited has announced its audited financial results for the year ended March 31, 2025. The company reported a significant decrease in revenue, totaling HK$105.797 million, compared to HK$180.995 million in the previous year. This decline was primarily due to reduced sales in both of its segments: electrical haircare appliances and information technology services in the PRC. The Group's gross profit shifted to a gross loss of HK$5.480 million from a gross profit of HK$35.691 million reported in the previous year. The company also faced a substantial increase in administrative expenses, which rose to HK$49.521 million from HK$37.166 million in the prior year, contributing to a loss from operations of HK$53.973 million compared to a loss of HK$2.636 million in the previous period. The loss before tax widened to HK$55.738 million from HK$4.054 million in the previous year. Despite these challenges, the company recorded an income tax credit of HK$1.529 million, compared to an expense of HK$3.786 million in 2024. The revenue from sales of electrical haircare appliances amounted to HK$75.246 million, while the provision of information technology services generated HK$30.551 million, reflecting the Group's dual focus on these business segments. There was no mention of any specific outlook or guidance for the upcoming period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China In-Tech Limited published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.

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