Megain Holding Reports 7.7% Revenue Increase and RMB38.6M Loss for H1 2025

Reuters
2025/08/29
Megain Holding Reports 7.7% Revenue Increase and RMB38.6M Loss for H1 2025

Megain Holding (Cayman) Co. Ltd. has announced its unaudited financial results for the six months ended June 30, 2025. The Group reported a revenue of RMB70.766 million, marking an increase of approximately 7.7% compared to RMB65.733 million for the same period in 2024. However, the Group faced a net loss of RMB38.575 million during this period, a significant shift from the net profit of RMB0.405 million recorded in the corresponding period of 2024. This downturn is primarily attributed to a decrease in gross profit from its compatible cartridge chips business and other financial factors discussed in the report. The company's income tax expenses also increased considerably by approximately 7,683.3%, from nil in the first half of 2024 to RMB1.9 million in the recent period, due to a withholding tax on dividends paid by Zhuhai Megain to its holding company outside the PRC. The Directors have decided not to recommend any interim dividend for the six months ended June 30, 2025.

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. Megain Holding (Cayman) Co. Ltd. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.

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