China Partytime Culture Holdings Ltd. Reports 25% Drop in Revenue for H1 2025, Posts Net Loss Due to Impairment Charges
Reuters
Aug 29
<a href="https://laohu8.com/S/01532">China Partytime</a> Culture Holdings Ltd. Reports 25% Drop in Revenue for H1 2025, Posts Net Loss Due to Impairment Charges
China Partytime Culture Holdings Ltd. has announced its unaudited condensed consolidated results for the six months ended 30 June 2025. The Group reported a revenue of RMB 122.951 million, a decrease from RMB 164.639 million in the same period of 2024. The gross profit fell to RMB 27.408 million from RMB 39.302 million in the previous year. The company reported a loss before income tax of RMB 48.195 million, compared to a profit before tax in the previous year. The loss for the period attributable to equity holders was RMB 43.904 million, contrasting with a profit of RMB 768,000 in the first half of 2024. There was a significant impairment loss on property, plant, and equipment and right-of-use assets amounting to RMB 47.165 million. The Directors do not recommend the payment of an interim dividend for the period.
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