China Partytime Culture (01532) announced that the group expects to record a net loss of between approximately RMB 46 million and RMB 49 million for the six months ended June 30, 2025, compared to a net loss of approximately RMB 0.527 million for the six months ended June 30, 2024.

The substantial increase in net loss is primarily attributable to: (i) affected by the adverse macroeconomic conditions and declining export trade environment, revenue decreased significantly by at least 20% from approximately RMB 164.6 million for the six months ended June 30, 2024 to approximately RMB 122.9 million for the six months ended June 30, 2025; and (ii) recognition of impairment losses on property, plant and equipment and right-of-use assets of approximately RMB 47.2 million by comparing the recoverable amounts of property, plant and equipment and right-of-use assets with their carrying values under the wig business and the clothing cleaning care, personal cleaning care and household cleaning care products business.