China City Infrastructure Group Reports 2.1% Revenue Decline and HK$44.27M Net Loss for H1 2025

Reuters
08/29
China City Infrastructure Group Reports 2.1% Revenue Decline and HK$44.27M Net Loss for H1 2025

China City Infrastructure Group Ltd. has announced its unaudited interim results for the six months ended June 30, 2025. The company reported a total revenue of approximately HK$25.049 million, a slight decrease from the HK$25.594 million recorded in the same period of 2024. This decline was attributed to a decrease in revenue from the property investment business. The company's gross profit for the current period fell by 18.2% to HK$14.473 million, with the gross profit margin decreasing by 10.4% to 57.8% compared to the same period in 2024. The Group recorded a fair value loss of HK$35.870 million on its investment properties. Consequently, the net loss for the period increased to HK$44.271 million from the HK$36.433 million reported for the same period in 2024. As of June 30, 2025, the total assets of the Group amounted to approximately HK$1.062 billion, compared to HK$1.069 billion as of December 31, 2024. The Group highlighted its focus on monitoring domestic and international political and economic developments to respond flexibly and make prudent decisions. Management is actively seeking potential projects compatible with the Group's principal activities, including infrastructure-related business. No significant contingent liabilities or commitments were reported as of June 30, 2025, and no significant events occurred after the reporting 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 City Infrastructure Group 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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