Luxxu Group Ltd. Reports 3.2% Decline in Revenue and Narrows Loss to RMB5.6 Million for H1 2025
Reuters
Sep 25, 2025
Luxxu Group Ltd. Reports 3.2% Decline in Revenue and Narrows Loss to RMB5.6 Million for H1 2025
Luxxu Group Ltd. reported unaudited results for the six months ended 30 June 2025. The Group recorded revenue of RMB21.4 million, representing a decrease of 3.2% compared to RMB22.1 million for the same period in 2024. The decline in revenue was attributed to reduced sales orders amid increased industry competition. Gross profit rose to RMB8.8 million from RMB5.9 million in the prior-year period. Loss before taxation narrowed to RMB5.6 million from RMB10.7 million in the first half of 2024. The company's loss for the period decreased to RMB5.6 million from RMB10.7 million, primarily due to the combined effect of higher gross profit, changes in administrative expenses, and a turnaround in other gains and losses. Looking ahead, Luxxu Group stated it will focus on delivering premium quality products and strengthening its core competitiveness by enhancing watch and jewellery design capabilities and expanding its design team. The Group also plans to continue supporting customers with exhibitions in the watches and jewellery segments.
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