Tongda Group Holdings Ltd. Reports 16.8% Revenue Decline to HK$2,483.2 Million and 395.3% Increase in Profit to HK$63.4 Million for H1 2025

Reuters
09/11
Tongda Group Holdings Ltd. Reports 16.8% Revenue Decline to HK$2,483.2 Million and 395.3% Increase in Profit to HK$63.4 Million for H1 2025

Tongda Group Holdings Ltd. has released its interim report for the six months ended 30 June 2025. The Group reported a total revenue of HK$2,483.2 million, a decrease of 16.8% from HK$2,986.0 million in the same period last year. The profit attributable to owners of the company increased significantly by 395.3%, from HK$12.8 million in the previous year to HK$63.4 million for the period. The decrease in revenue is attributed to the impact of intense market competition and the disposal of the high-margin, high-precision components business. This disposal led to a decline in both gross profit and gross profit margin. However, the impairment of fixed assets at the end of 2024 resulted in a substantial decrease in depreciation expenses, partially offsetting the negative impact on profits. Excluding the revenue contribution from the disposed business, the Group's revenue for the period slightly decreased by 0.5% compared to the adjusted revenue for the previous period. No specific outlook or guidance was provided in the interim report.

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. Tongda Group Holdings Ltd. published the original content used to generate this news brief on September 11, 2025, and is solely responsible for the information contained therein.

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