Glory Sun Land (00299) announced its interim results for 2025, reporting revenue of HK$57.377 million, a decrease of 87.39% year-on-year. The loss attributable to owners of the company was approximately HK$167 million, representing a narrowing of 86.22% compared to the same period last year. Loss per share was HK$1.5328.

According to the announcement, the significant decrease in revenue was primarily due to the prolonged downturn in China's real estate market. The net loss was mainly attributable to inventory write-downs, resulting in a gross loss of approximately HK$7.169 million, a decrease of approximately HK$107.6 million compared to the same period last year. Additionally, the Group recorded fair value losses on investment properties of approximately HK$56.413 million during the period, as well as impairment losses on prepayments for redevelopment projects of approximately HK$65.392 million, which were specifically recognized for demolition works of a land redevelopment project during the period.