Hong Kong-based Cherish Sunshine International Limited (stock code: 1094) announced unaudited interim results for the six months ended 30 September 2025. The group recorded revenue of HK$33.59 million, representing a 59.4% decrease compared to the HK$82.78 million in the same period last year. Gross profit declined from HK$21.71 million to HK$10.31 million, largely attributable to fewer procurement projects and reduced trading activities. The group reported a net loss of HK$32.90 million during the period, contrasting with a profit of HK$2.32 million previously. Basic loss per share was 5.65 HK cents, compared to earnings of 0.48 HK cents.

According to the interim report, fair value loss on investment properties amounted to HK$21.33 million, resulting from the latest valuation of a commercial building in Wuhan. Impairment loss for trade and other receivables and contract assets reached HK$6.68 million, reflecting financial difficulties among certain customers. Total administrative expenses stood at HK$19.18 million amid efforts to implement stricter cost controls.

As of 30 September 2025, net current liabilities reached HK$80.97 million, and the group’s cash and cash equivalents stood at HK$13.90 million. Some bank and other borrowings remained repayable on demand, and certain investment properties were seized in ongoing legal disputes. Despite these challenges, management highlighted a standby credit facility, potential equity financing, and planned cost controls to support liquidity. No interim dividend was declared. Looking ahead, the group’s business segments, including procurement services and energy management contracting, are expected to remain key focuses, subject to ongoing monitoring of market conditions and customer credit risks.