Workflow
宏信建发(09930.HK)上半年纯利跌86.8%至3549万元

Group 1 - The company reported a revenue of RMB 4.35 billion for the first half of 2025, a decrease of 10.7% year-on-year [1] - Gross profit was RMB 941 million, down 39.7% year-on-year, while profit before tax was RMB 50.28 million, a decline of 87.6% year-on-year [1] - The company's net profit attributable to ordinary shareholders was RMB 35.49 million, a decrease of 86.8% year-on-year, and EBITDA was RMB 1.969 billion, down 1.7% year-on-year [1] Group 2 - The decline in revenue was primarily due to the continuous drop in equipment rental prices in the domestic market, proactive contraction of materials-related business, and temporary impacts on utilization rates from domestic equipment being shipped to overseas outlets [1] - The company has established a diverse, stable, and high-quality customer base, increasing from approximately 232,000 customers in 2023 to about 367,000 in the first half of 2025, including around 6,000 overseas customers [2] - Average utilization rates for aerial work platforms and new formwork systems were lower than the same period last year, while new support systems showed slightly better utilization rates compared to last year [2]