SINOMAX GROUP (01418) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of HK$1.892 billion, representing a decrease of 5.5% compared to the same period last year. Profit attributable to equity holders of the company was HK$26.911 million, down 56.66% year-on-year. Earnings per share stood at HK$1.54 cents.

During the reporting period, gross profit decreased by approximately HK$64.9 million or about 12.8% to approximately HK$442 million, compared to approximately HK$507 million in the same period last year. The reduction in gross profit was primarily attributable to the group's entry into several new factory lease agreements in Vietnam and the United States in 2024 (as disclosed in the company's announcements dated June 12, 2024 and June 17, 2024) to expand the group's business operations in Vietnam and the United States. These expansion initiatives have facilitated and enlarged the group's operational scale, enabling the group to meet the growing demand from customers in Vietnam and the United States. However, they have also resulted in increased indirect costs during the reporting period compared to the same period last year.