Chen Xing Development Reports 92.2% Revenue Drop, Gross Profit Falls to RMB 33.4M for H1 2025

Reuters

08/28

<a href="https://laohu8.com/S/02286">Chen Xing</a> Development Reports 92.2% Revenue Drop, Gross Profit Falls to RMB 33.4M for H1 2025

Chen Xing Development Holdings Ltd. announced its unaudited interim results for the six months ended 30 June 2025. The Group reported a significant decrease in revenue, amounting to approximately RMB83.3 million, which represents a 92.2% decline compared to the same period in 2024. The gross profit for the period was RMB33.4 million, down from RMB256.9 million in the prior year. The Group's contracted sales amounted to approximately RMB55.8 million, reflecting a decrease of 50.6% compared to the same period last year. These figures highlight a challenging period for the company, with substantial decreases in both revenue and contracted sales. No interim dividend was declared for the six months ended 30 June 2025. The company did not provide specific guidance or outlook in the announcement.

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. Chen Xing Development Holdings Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.

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The Group reported a significant decrease in revenue, amounting to approximately RMB83.3 million, which represents a 92.2% decline compared to the same period in 2024. The gross profit for the period was RMB33.4 million, down from RMB256.9 million in the prior year. The Group's contracted sales amounted to approximately RMB55.8 million, reflecting a decrease of 50.6% compared to the same period last year. These figures highlight a challenging period for the company, with substantial decreases in both revenue and contracted sales. No interim dividend was declared for the six months ended 30 June 2025. The company did not provide specific guidance or outlook in the announcement.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. Chen Xing Development Holdings Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02286","symbol_name":"辰興發展","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250828:nNDLcBqNv:1","article_id":"2562032355","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2562032355","pubTimestamp":1756384182,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Chen Xing Development Holdings Ltd. announced its unaudited interim results for the six months ended 30 June 2025. The Group reported a significant decrease in revenue, amounting to approximately RMB83.3 million, which represents a 92.2% decline compared to the same period in 2024. The gross profit for the period was RMB33.4 million, down from RMB256.9 million in the prior year. The Group's contracted sales amounted to approximately RMB55.8 million, reflecting a decrease of 50.6% compared to the same period last year. These figures highlight a challenging period for the company, with substantial decreases in both revenue and contracted sales. No interim dividend was declared for the six months ended 30 June 2025. The company did not provide specific guidance or outlook in the announcement.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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