Deson Development International Holdings Limited reported unaudited consolidated interim results for the six months ended 30 September 2025, revealing a 42% decrease in revenue to HK$53.69 million from HK$91.98 million in the prior-year period. The decline was mainly attributed to lower property sales recognition in Kaifeng, the People’s Republic of China.
Gross profit was HK$29.18 million, representing a gross margin of 54.4%, up 21 percentage points compared to the prior-year period. The company’s net loss attributable to owners reached HK$5.60 million, improving from a loss of HK$14.62 million a year ago. Loss per share was HK(0.38) cents, compared with HK(1.00) cent in the same period of 2024.
In the property development and investment segment, revenue declined to HK$17.27 million from HK$60.79 million, reflecting a slower pace of property sales. Rental income in this unit also registered a decrease as certain tenancy agreements had been terminated. Segment profit stood at HK$6.24 million, benefiting in part from the reversal of a previously recognized impairment on accounts receivable.
The trading business, focusing on medical equipment and home security products, recorded revenue of HK$20.72 million compared with HK$23.15 million in the prior-year period. The slight drop was linked to a more cautious spending environment, partially offset by cost management measures. This segment reported a profit of HK$0.56 million.
The “others” segment, primarily hotels in Kaifeng, posted revenue of HK$15.69 million, a 95% increase compared to HK$8.04 million in the prior-year period. The addition of multiple hotels contributed to higher occupancy and more guest rooms, lifting segment profit to HK$1.73 million from a segment loss recorded last year.
As of 30 September 2025, Deson Development International Holdings Limited held total assets of HK$1.79 billion, with a current ratio of 1.89 and a net gearing ratio of 19%. There were no significant acquisitions, disposals, or other major corporate actions disclosed. The Board did not recommend paying an interim dividend for the period. The company indicated that it would continue to focus on cost control and strategic initiatives across its property portfolio, trading business, and hotel operations.