Shunten International (Holdings) Limited (Stock Code: 932) Releases Interim Results for the Six Months Ended 30 September 2025

Bulletin Express
Nov 26

Shunten International (Holdings) Limited (Stock Code: 932) has disclosed its unaudited interim results for the six months ended 30 September 2025. During the period, the Group recorded revenue of approximately HK$102.1 million (2024: HK$103.0 million). Of this total, revenue from its health and beauty supplements and products business was approximately HK$99.4 million (2024: HK$100.2 million), while revenue from the property investment business was approximately HK$2.7 million (2024: HK$2.8 million). The Group’s gross profit amounted to approximately HK$77.3 million (2024: HK$79.7 million).

The loss for the period attributable to owners of the Company stood at approximately HK$12.6 million (2024: HK$4.3 million). After adjusting for the fair value change of investment properties (unrealised), the Adjusted Net Loss was approximately HK$6.3 million (2024: Adjusted Net Profit of HK$2.7 million). The Group cited higher promotional spending on newly launched and upgraded products and increased administrative expenses, alongside a fair value loss on investment properties of about HK$6.3 million (2024: HK$7.0 million), as some of the primary contributors to the overall loss.

As at 30 September 2025, the Group reported cash and cash equivalents of approximately HK$11.0 million (31 March 2025: HK$5.5 million). Bank borrowings stood at approximately HK$114.4 million (31 March 2025: HK$119.0 million). The gearing ratio (total borrowings over total equity) was approximately 101.3%, compared to 87.9% at the end of March 2025. The Board does not recommend any interim dividend for this reporting period.

Subsequent to the reporting period, the Group completed the disposal of a subsidiary holding a residential property in Mid-levels at a cash consideration of HK$28.0 million. On 12 September 2025, the Group was also informed that Leading Virtue Holdings Limited and the Chairman of the Board, after acquiring additional shares, triggered a mandatory conditional cash offer for all issued shares of the Company. The offer became unconditional in all respects on 20 October 2025 and closed on 4 November 2025.

According to the Company, the Group will maintain close monitoring of retail and property market conditions, continue with disciplined cost management, and focus on sustainable growth initiatives in its core business segments. The full interim report is available on the Stock Exchange and the Company’s websites.

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