Zhuguang Holdings Group H1 Revenue Rises 103% to HK$1.47 Billion; Net Loss Narrows to HK$246 Million

Reuters
Sep 29
Zhuguang Holdings Group H1 Revenue Rises 103% to HK$1.47 Billion; Net Loss Narrows to HK$246 Million

Zhuguang Holdings Group Company Ltd. reported total revenue of HK$1.47 billion for the six months ended 30 June 2025, representing an increase of approximately 103% compared to HK$724 million in the corresponding period of 2024. The rise was primarily driven by the property development segment, which recorded revenue of HK$895 million, up from HK$101 million in the prior year period, largely due to an increase in the number of properties delivered. Revenue from project management services was HK$507 million, compared to HK$514 million in the same period of 2024. Revenue from property investment and hotel operation was HK$65 million, down from HK$108 million last year. The Group reported a loss for the period of HK$246 million, an improvement from the loss of HK$859 million recorded in the first half of 2024. The loss attributable to owners of the parent was HK$213 million, compared to HK$834 million in the previous year. The Group also recorded a net fair value loss on investment properties of HK$181 million, up from HK$120 million in the prior year period. As of 30 June 2025, total assets stood at HK$33.20 billion, with total liabilities of HK$30.13 billion and total equity of HK$3.07 billion. The company stated it will continue to focus on executing its pre-defined strategies and advance its approach of "optimising structure, strengthening capabilities, and enhancing quality" to address challenges in China's real estate sector.

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