智通财经网·2025-10-24 13:09Core Viewpoint - Lixin Development (00488) reported a significant decline in revenue and a reduced net loss for the fiscal year ending July 31, 2025, indicating ongoing challenges but some improvements in financial performance [1] Financial Performance - Revenue for the year was HKD 4.899 billion, a decrease of 18.3% year-on-year [1] - The net loss attributable to shareholders was HKD 2.874 billion, which represents a reduction of 21.8% compared to the previous fiscal year [1] - Basic loss per share was HKD 1.978 [1] Factors Influencing Performance - The reduction in net loss was primarily due to: - Decrease in impairment losses on properties, plants, equipment, and right-of-use assets [1] - Reduced depreciation on properties, plants, equipment, and right-of-use assets due to prior year impairment losses [1] - Decrease in fair value losses on investment properties [1] - Lower financing costs [1] - However, these improvements were offset by: - Decreased contributions from Lifen Group's property sales [1] - Reduced contributions from the film and television segment [1] - Increased losses from joint ventures [1]