China Treasures New Materials Reports 22% Drop in Revenue, Profit Falls to RMB 35.5 Million for H1 2025

Reuters
Aug 29
China Treasures New Materials Reports 22% Drop in Revenue, Profit Falls to RMB 35.5 Million for H1 2025

China Treasures New Materials Group Ltd. announced its unaudited condensed consolidated results for the six months ended 30 June 2025. The company's revenue for this period was RMB 153.886 million, a decrease from RMB 196.868 million in the corresponding period in 2024. The cost of sales declined to RMB 93.552 million from RMB 118.480 million, resulting in a gross profit of RMB 60.334 million, down from RMB 78.388 million in the previous year. Other income increased to RMB 2.115 million from RMB 920,000, with notable contributions from interest income and government grants. Selling and distribution expenses slightly decreased to RMB 2.267 million from RMB 2.377 million, while administrative and other operating expenses reduced to RMB 14.385 million from RMB 18.717 million. The company reported a profit before tax of RMB 42.357 million, a decline from RMB 56.469 million in 2024, after considering finance costs, which rose to RMB 3.440 million from RMB 1.745 million. Income tax expenses were reported at RMB 6.599 million, down from RMB 8.261 million in the previous period. Revenue from the development and manufacture of biodegradable plastic products contributed RMB 143.910 million, a decrease from RMB 183.776 million, while revenue from plastic parts was RMB 9.976 million, down from RMB 13.092 million. Customer A accounted for RMB 21.179 million of total revenue, compared to RMB 28.171 million in 2024. The company's operations are primarily based in the PRC, with all revenue for the reported periods derived from this region.

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