Haichang Ocean Park Reports 14% Drop in Revenue and Sharp Decline in Gross Profit for H1 2025
Reuters
Aug 29
Haichang <a href="https://laohu8.com/S/1B6.SI">Ocean</a> Park Reports 14% Drop in Revenue and Sharp Decline in Gross Profit for H1 2025
Haichang Ocean Park Holdings Ltd. has reported its unaudited condensed consolidated interim results for the six months ended June 30, 2025. The company recorded a total revenue of RMB 686.3 million, a decrease from RMB 799.8 million in the same period in 2024. Revenue from park operations contributed RMB 646.2 million, while operation as a service added RMB 40.1 million. The gross profit for the period was RMB 71.7 million, compared to RMB 194.9 million in the previous year. The company faced a significant increase in expenses, with selling and marketing expenses rising to RMB 51.3 million from RMB 26.7 million, and administrative expenses increasing slightly to RMB 172.5 million from RMB 166.9 million. Other income and gains also saw a reduction to RMB 27.4 million from RMB 96.3 million. Haichang Ocean Park Holdings Ltd. reported a loss before tax of RMB 295.6 million, reflecting a challenging period compared to previous results. The financial data highlights the company's ongoing operations primarily in the Chinese Mainland, with over 99% of its non-current assets located there.
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