China High-Speed Transmission Reports 1.8% Drop in Sales Revenue, Loss Narrows by 74.3% in H1 2025, EPS Decreases to RMB 0.083

Reuters
Sep 12
China High-Speed Transmission Reports 1.8% Drop in Sales Revenue, Loss Narrows by 74.3% in H1 2025, EPS Decreases to RMB 0.083

China High-Speed Transmission Equipment Group Co. Ltd. reported a 1.8% decline in sales revenue for the six months ended June 30, 2025, totaling approximately RMB 9.979 billion. This decrease was attributed mainly to the suspension of trading business since November 2024, despite an increase in sales of wind gear transmission equipment. The company reported a loss of RMB 136.061 million for the period attributable to owners, showing a significant improvement from the loss of RMB 528.733 million in the same period of the previous year. The gross profit for the period was RMB 1.852 billion, representing a 36.7% increase from the prior year. Total assets as of June 30, 2025, were RMB 38.635 billion, a 2.5% increase from the end of 2024, while total liabilities grew by 2.6% to RMB 25.794 billion. The net assets increased by 2.2% to RMB 12.842 billion. During the period under review, the Group recorded net gains from foreign exchange amounting to approximately RMB 41.631 million, an increase from RMB 1.143 million in the same period of the previous year. The Board did not recommend declaring any interim dividend for the six months ended June 30, 2025. Looking forward, the Group will focus on green development as its core direction, leveraging technological innovation to lead the transition toward a green and low-carbon economy and support global sustainable development.

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