Qing Hua Holding Reports Sharp Revenue Drop to HK$71.63M with Gross Profit Plummeting 98% in H1 2025

Reuters
08/28
Qing Hua Holding Reports Sharp Revenue Drop to HK$71.63M with Gross Profit Plummeting 98% in H1 2025

Qing Hua Holding Group Co. Ltd. announced its unaudited financial results for the six months ended June 30, 2025. The company's revenue declined significantly to HK$71.63 million, compared to HK$107.21 million in the same period of 2024. The cost of sales increased to HK$70.89 million from HK$64.02 million, resulting in a sharp decrease in gross profit, which fell from HK$43.19 million in 2024 to HK$739,000 in 2025. Other income and gains were recorded at HK$983,000, down slightly from HK$1.10 million in the previous year. General and administrative expenses were reduced to HK$26.17 million from HK$36.47 million. The company also reported a decrease in other expenses, net, which stood at HK$2.30 million compared to HK$10.53 million in the same period last year. Finance costs were reduced to HK$1.66 million from HK$2.30 million. The share of profits and losses of joint ventures resulted in a loss of HK$5,000, contrasting with a profit of HK$36,000 in the previous year. The company operates within the media and entertainment sector.

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. Qing Hua Holding Group Co. Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.

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