China Frontier Technology Group Reports 18% Drop in Revenue, Swings to RMB 10,034k Gross Profit for H1 2025

Reuters

08/29

China Frontier Technology Group Reports 18% Drop in Revenue, Swings to RMB 10,034k Gross Profit for H1 2025

China Frontier Technology Group announced its unaudited consolidated interim results for the six months ended 30 June 2025. The Company reported a decrease in revenue to RMB 18.244 million, compared to RMB 22.356 million for the same period in 2024. Despite the decline in revenue, the company achieved a gross profit of RMB 10.034 million, an increase from RMB 7.496 million in the previous year. Other income dropped significantly from RMB 16.606 million in 2024 to RMB 3,000 in 2025. However, the company reported an improvement in other gains, netting RMB 7.789 million compared to a loss of RMB 3.175 million in the prior year. Notably, the Company experienced a substantial net provision of impairment losses on trade receivables, amounting to RMB 35.379 million in 2025, a sharp increase from RMB 252,000 in 2024. The business has undergone a significant transformation, with the Company's name changing from "Wisdom Sports Group" to "China Frontier Technology Group," reflecting a strategic shift. The Company continues to provide events operation and marketing services, as well as sports services in the PRC and Hong Kong.

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. China Frontier Technology Group published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.

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The Company reported a decrease in revenue to RMB 18.244 million, compared to RMB 22.356 million for the same period in 2024. Despite the decline in revenue, the company achieved a gross profit of RMB 10.034 million, an increase from RMB 7.496 million in the previous year. Other income dropped significantly from RMB 16.606 million in 2024 to RMB 3,000 in 2025. However, the company reported an improvement in other gains, netting RMB 7.789 million compared to a loss of RMB 3.175 million in the prior year. Notably, the Company experienced a substantial net provision of impairment losses on trade receivables, amounting to RMB 35.379 million in 2025, a sharp increase from RMB 252,000 in 2024. The business has undergone a significant transformation, with the Company's name changing from \"Wisdom Sports Group\" to \"China Frontier Technology Group,\" reflecting a strategic shift. 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The Company reported a decrease in revenue to RMB 18.244 million, compared to RMB 22.356 million for the same period in 2024. Despite the decline in revenue, the company achieved a gross profit of RMB 10.034 million, an increase from RMB 7.496 million in the previous year. Other income dropped significantly from RMB 16.606 million in 2024 to RMB 3,000 in 2025. However, the company reported an improvement in other gains, netting RMB 7.789 million compared to a loss of RMB 3.175 million in the prior year. Notably, the Company experienced a substantial net provision of impairment losses on trade receivables, amounting to RMB 35.379 million in 2025, a sharp increase from RMB 252,000 in 2024. The business has undergone a significant transformation, with the Company's name changing from \"Wisdom Sports Group\" to \"China Frontier Technology Group,\" reflecting a strategic shift. The Company continues to provide events operation and marketing services, as well as sports services in the PRC and Hong Kong.\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. China Frontier Technology Group published the original content used to generate this news brief on August 29, 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":"01661","symbol_name":"中國前沿科技集團","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250829:nNDL6x9N4f:1","article_id":"2563157024","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563157024","pubTimestamp":1756477676,"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":"China Frontier Technology Group announced its unaudited consolidated interim results for the six months ended 30 June 2025. 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Despite the decline in revenue, the company achieved a gross profit of RMB 10.034 million, an increase from RMB 7.496 million in the previous year. Other income dropped significantly from RMB 16.606 million in 2024 to RMB 3,000 in 2025. However, the company reported an improvement in other gains, netting RMB 7.789 million compared to a loss of RMB 3.175 million in the prior year. Notably, the Company experienced a substantial net provision of impairment losses on trade receivables, amounting to RMB 35.379 million in 2025, a sharp increase from RMB 252,000 in 2024. The business has undergone a significant transformation, with the Company's name changing from \"Wisdom Sports Group\" to \"China Frontier Technology Group,\" reflecting a strategic shift. The Company continues to provide events operation and marketing services, as well as sports services in the PRC and Hong Kong.\n      \n\nDisclaimer: 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. China Frontier Technology Group published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport,express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}