SING LEE (08076) announced its interim results for the six months ended June 30, 2025, reporting sales revenue of RMB 18.201 million, representing a 27.2% year-over-year decline. The company recorded a net loss of RMB 7.655 million, which narrowed by 26.6% compared to the same period last year. Basic loss per share stood at RMB 0.58 cents.
The group's revenue decline during the period was primarily attributed to decreased income from technical support services provided by the group. The reduction in losses was mainly driven by the reversal of impairment losses related to the recovery of long-term uncollected receivables. Compared to the losses recorded in 2024, increased foreign exchange gains resulted in other gains and losses turning positive, while ongoing cost-saving initiatives led to reduced administrative expenses.