SHUANGHUA H (01241) announced that the group expects revenue of approximately RMB 12.8 million for the first half of 2025, compared to approximately RMB 60.6 million for the first half of 2024. The company also expects a net loss after tax of approximately RMB 2.1 million for the first half of 2025, compared to a net loss after tax of approximately RMB 3.2 million for the first half of 2024.

According to the announcement, the expected revenue decline is primarily attributed to China's overall economic downturn and consumption downgrade, which have affected both the selling prices and sales volume of the group's products and services to a certain extent. Based on cost and risk control considerations, the group has actively adjusted its product and service portfolio to adapt to market supply and demand changes.

The expected reduction in net loss after tax is mainly due to the reversal of impairment losses on trade receivables.