Carote Ltd. Reports 12.4% Revenue Decline and 37.3% Drop in Net Profit for H1 2025; EPS Falls to RMB 0.19

Reuters
Aug 28
Carote Ltd. Reports 12.4% Revenue Decline and 37.3% Drop in Net Profit for H1 2025; EPS Falls to RMB 0.19

Carote Ltd. has announced its financial results for the six months ended June 30, 2025. The company reported a revenue of RMB 836.9 million, a decline from RMB 955.2 million in the same period of 2024. The company's gross profit also decreased to RMB 281.6 million from RMB 395.2 million in the previous year. Net profit for the period was RMB 102.8 million, down from RMB 164.1 million in the first half of 2024. The basic earnings per share for the period were reported at RMB 0.19, compared to RMB 0.41 in the same period last year. Carote Ltd. is focusing on expanding its sales channels and has allocated 20% of its resources, amounting to RMB 168.6 million, for this purpose by the end of 2027. Additionally, the company is investing 10% of its resources, or RMB 84.3 million, in ESG-related initiatives, also by the end of 2027. These financial results reflect Carote Ltd.'s ongoing efforts to manage its operations while facing a challenging market environment.

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