BAOYE GROUP (02355) announced its financial results for the six months ended June 30, 2025. The group recorded revenue of RMB 8.503 billion during the period, representing a year-on-year decrease of 33.42%. Profit attributable to owners of the company reached RMB 141 million, down 62.29% compared to the same period last year. Basic earnings per share stood at RMB 0.27.

For the six months ended June 30, 2025, the group's construction business generated revenue of approximately RMB 5.657 billion, declining about 34% from the previous year. Operating profit for the construction segment was approximately RMB 167 million, marking a substantial decrease of about 49% year-on-year.

The decline in both revenue and operating profit of the construction business was primarily attributed to the continued downturn in real estate investment, which led to sharp market contraction and intensified industry competition.