Qing Hua Holding Reports Sharp Revenue Drop to HK$71.63M with Gross Profit Plummeting 98% in H1 2025
Qing Hua Holding Group Co. Ltd. announced its unaudited financial results for the six months ended June 30, 2025. The company's revenue declined significantly to HK$71.63 million, compared to HK$107.21 million in the same period of 2024. The cost of sales increased to HK$70.89 million from HK$64.02 million, resulting in a sharp decrease in gross profit, which fell from HK$43.19 million in 2024 to HK$739,000 in 2025. Other income and gains were recorded at HK$983,000, down slightly from HK$1.10 million in the previous year. General and administrative expenses were reduced to HK$26.17 million from HK$36.47 million. The company also reported a decrease in other expenses, net, which stood at HK$2.30 million compared to HK$10.53 million in the same period last year. Finance costs were reduced to HK$1.66 million from HK$2.30 million. The share of profits and losses of joint ventures resulted in a loss of HK$5,000, contrasting with a profit of HK$36,000 in the previous year. The company operates within the media and entertainment sector.
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