Artgo Holdings Reports Revenue of RMB 27,805,000 with Loss Before Tax of RMB 24,202,000 for H1 2025

Reuters
09/12
Artgo Holdings Reports Revenue of RMB 27,805,000 with Loss Before Tax of RMB 24,202,000 for H1 2025

ArtGo Holdings Ltd. has released its interim financial results for the first half of 2025, reporting a segment revenue of RMB27.805 million. The company faced a loss before tax of RMB24.202 million, reflecting the challenging economic environment during this period. Foreign exchange losses amounted to RMB6 million, and finance costs, excluding lease liabilities, were RMB7.363 million. A notable positive was the waiver of loan principals and interest from loan restructuring totaling RMB8.071 million. The company attributed a significant portion of its other income and gains to a government subsidy of approximately RMB1.7 million. Selling and distribution expenses were reduced to approximately RMB3.2 million, accounting for about 10.5% of the revenue, a decline from RMB3.8 million or 13.8% of revenue in the same period last year. ArtGo Holdings acknowledged the weak domestic demand and sluggish recovery in the real estate construction sector as factors hindering growth. However, it noted some positive outcomes from the PRC government's stimulus measures and real estate reforms. The company is adopting a prudent strategy, focusing on monitoring the business environment and resource allocation.

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. Artgo Holdings Ltd. published the original content used to generate this news brief on September 12, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10