Kai Yuan Holdings Limited has announced its interim results for the six months ended 30 June 2025. The company reported a significant decline in revenue, which fell to HK$74.662 million from HK$143.797 million in the same period the previous year. This decrease in revenue was accompanied by a shift from a profit before tax of HK$9.544 million in the first half of 2024 to a loss before tax of HK$113.080 million in the first half of 2025. The decline in financial performance was primarily driven by a substantial increase in the loss provision for a loan to an associate, which rose to HK$63.664 million from HK$1.544 million the previous year. Additionally, finance costs increased to HK$36.803 million from HK$20.780 million. The company's hotel operation segment reported a segment loss of HK$53.031 million, a considerable downturn compared to the segment profit of HK$3.801 million in the previous year. The money lending segment also recorded a minor segment loss of HK$469,000, compared to a loss of HK$467,000 in the prior period. No specific outlook or guidance was provided in the announcement regarding future performance or strategic initiatives.