Core Viewpoint - Lao Heng He Brewing (02226) reported a mid-year performance for 2025, showing a slight revenue increase but significant net losses, indicating challenges in the current market environment [1] Financial Performance - Revenue for the first half of 2025 reached 144 million RMB, reflecting a year-on-year growth of 0.1% [1] - The company experienced a net loss of 252 million RMB, which is an increase of 1.6% compared to the previous year [1] - Basic loss per share was reported at 0.43 RMB [1] Profitability Metrics - Gross profit decreased by 10.7% to 42.1 million RMB [1] - Gross margin fell from 32.7% in the first half of 2024 to 29.1% in the first half of 2025 [1] - The decline in gross margin is attributed to intensified market competition, changes in consumer behavior, and a shift towards lower-margin mid-range products [1]
老恒和酿造发布中期业绩，净亏损2.52亿元，同比扩大1.6%