China Frontier Technology Group Reports 18% Drop in Revenue, Swings to RMB 10,034k Gross Profit for H1 2025
China Frontier Technology Group announced its unaudited consolidated interim results for the six months ended 30 June 2025. The Company reported a decrease in revenue to RMB 18.244 million, compared to RMB 22.356 million for the same period in 2024. Despite the decline in revenue, the company achieved a gross profit of RMB 10.034 million, an increase from RMB 7.496 million in the previous year. Other income dropped significantly from RMB 16.606 million in 2024 to RMB 3,000 in 2025. However, the company reported an improvement in other gains, netting RMB 7.789 million compared to a loss of RMB 3.175 million in the prior year. Notably, the Company experienced a substantial net provision of impairment losses on trade receivables, amounting to RMB 35.379 million in 2025, a sharp increase from RMB 252,000 in 2024. The business has undergone a significant transformation, with the Company's name changing from "Wisdom Sports Group" to "China Frontier Technology Group," reflecting a strategic shift. The Company continues to provide events operation and marketing services, as well as sports services in the PRC and Hong Kong.
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