Guangdong Adway Construction Reports 300% Increase in Revenue but Net Loss Widens to RMB 16.87 Million; EPS Declines to RMB (0.07) for H1 2025
Reuters
Sep 03, 2025
Guangdong Adway Construction Reports 300% Increase in Revenue but Net Loss Widens to RMB 16.87 Million; EPS Declines to RMB (0.07) for H1 2025
Guangdong Adway Construction Group Holdings Co. Ltd. has announced its unaudited financial results for the six months ended 30 June 2025. The company's revenue increased significantly from RMB0.20 million in the first half of 2024 to RMB0.80 million in the same period of 2025. Despite this increase, the gross profit saw a decrease from RMB0.09 million in 2024 to RMB0.02 million in 2025. The gross profit margin dropped from 47.21% to 2.86%. The company reported a net loss for the period of RMB16.87 million, compared to a loss of RMB8.52 million in the previous year. This increased loss was attributed to revenue being insufficient to cover administrative expenses and finance costs. The company's business continued to face challenges due to a bank debt default, capital chain rupture, lack of solvency, and an increasing number of litigation cases, leading to a substantial reduction in business activities in the first half of 2025. The financial results reflect these ongoing operational difficulties.
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