Zhong Jia Guo Xin Holdings Reports 42% Revenue Increase to HK$20,044K; Significant Drop in Gross Profit to HK$778K for Year Ended March 2025
Zhong Jia Guo Xin Holdings Co. Ltd. has announced its audited consolidated results for the year ended 31 March 2025. The company reported a revenue from continuing operations of HK$20.044 million for 2025, compared to HK$14.160 million in 2024, marking a significant increase. Despite this revenue growth, the company experienced a substantial decline in gross profit, which stood at HK$778,000, down from HK$10.945 million the previous year. The financial results also revealed an increase in cost of sales, rising to HK$19.266 million in 2025 from HK$3.215 million in 2024. Other gains for the year were HK$501,000, considerably lower than the HK$18.813 million reported in 2024. The company incurred administrative expenses amounting to HK$29.703 million, which is a decrease from HK$39.847 million in the previous year. The results included a provision for impairment loss on intangible assets totaling HK$91.378 million, a significant increase from HK$29.230 million in 2024. Additionally, there was a provision for impairment loss on deposits paid amounting to HK$43.103 million, contrasting with a reversal of HK$74.832 million the previous year. The company's outlook or guidance for future periods was not provided in the announcement.
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