Jia Yao Holdings Reports 64.9% Revenue Drop to RMB 260.5 Million and Net Loss of RMB 20.9 Million for H1 2025
Reuters
Aug 29, 2025
<a href="https://laohu8.com/S/01626">Jia Yao</a> Holdings Reports 64.9% Revenue Drop to RMB 260.5 Million and Net Loss of RMB 20.9 Million for H1 2025
Jia Yao Holdings Ltd. has announced its unaudited condensed consolidated interim results for the six months ended 30 June 2025. The company reported a significant decline in revenue, which decreased by approximately 64.9% to RMB260.5 million from RMB742.8 million in the same period in 2024. This drop in revenue is primarily attributed to a reduction in sales of electronic cigarettes and paper cigarette packages. The company's gross profit also saw a decrease of approximately 62.3%, falling to RMB57.8 million from RMB153.6 million in the corresponding period of the previous year. Despite the decrease in gross profit, the gross profit margin increased slightly from 20.7% to 22.2%. Jia Yao Holdings Ltd. reported a loss attributable to owners of the company of approximately RMB16.8 million for the six months ended 30 June 2025, in contrast to a profit of RMB14.8 million in the same period in 2024. The Board has decided not to recommend the payment of an interim dividend for this period, consistent with the previous year. The results reflect the challenges faced by Jia Yao Holdings Ltd., and no specific outlook or future guidance has been provided in the announcement.
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