SKYWORTH GROUP (00751) announced its interim results for 2025, with total revenue of RMB 36.264 billion, representing a year-on-year increase of 20.3%. The profit attributable to equity holders was RMB 125 million, down 67.4% compared to the same period last year, with earnings per share of 5.66 cents.

During the period, revenue from the mainland China market was approximately RMB 28.29 billion, up 24.6% from the same period last year, mainly due to the outstanding performance of the new energy business, which saw revenue surge 53.5% year-on-year. Revenue from overseas markets was RMB 8.053 billion, up 7.1% year-on-year.

The overall gross margin for the first half of 2025 was 12.3%, down 1.5 percentage points from 13.8% in the same period last year. In the first half of 2025, the narrowing gross margin of the modern service business dragged down the group's overall gross margin. Raw material costs in the home appliance industry were also affected by global supply chain tensions and US tariff policies, with increases in costs of certain raw materials such as steel and electronic components putting pressure on the group's overall gross margin.

On the other hand, the new energy business continued to introduce more financing partners and optimize cooperation models during this period, bringing positive effects to gross margin improvement. The group will continue to promote refined operational management, adopting various comprehensive measures such as appropriately reducing OEM business, focusing on proprietary brand sales and high-end product markets to enhance product gross margins, reduce corporate operating costs, and ensure healthy corporate operations.