Core Viewpoint - Baoye Group (02355.HK) reported a significant decline in its mid-year performance for 2025, reflecting the challenges faced by the construction and real estate development sectors due to industry downturns [1] Financial Performance - The company's revenue for the first half of 2025 was RMB 8.503 billion, a decrease of 33.42% year-on-year [1] - Gross profit amounted to RMB 509 million, down 47.30% compared to the same period in 2024 [1] - Profit attributable to owners was RMB 141 million, representing a 62.29% decline year-on-year, with basic earnings per share at RMB 0.27 [1] Industry Context - The decline in revenue and operating profit is primarily attributed to the downturn in the industry, which has significantly impacted the income and profits from the company's construction and real estate development businesses compared to the same period in 2024 [1]
宝业集团(02355.HK)上半年纯利跌62.29%至1.41亿元