SH PIONEER HLDG (01345) announced its 2025 financial results. Revenue decreased by 16.2% year-on-year to RMB 1.2834 billion. The net profit attributable to owners of the company was approximately RMB 114 million, a decrease of 24.56% compared to the previous year. Basic earnings per share were RMB 0.1. A final dividend of HKD 0.054 per share was declared. According to the announcement, the decrease in revenue was primarily due to a decline in revenue from products sold through the provision of joint promotion and channel management services during the reporting period. The decrease in profit was mainly attributed to a significant reduction in government grants received by the group during the reporting period compared to the same period last year.