Core Viewpoint - Daohe Global (00915.HK) reported a significant decline in revenue and an increase in losses for the first half of 2025, indicating challenges in both trade and supply chain management services and cultural entertainment sectors [1] Group 1: Financial Performance - The company's revenue for the first half of 2025 was $15.138 million, a year-on-year decrease of 22.52% [1] - The loss attributable to shareholders was $0.920 million, compared to a profit of $0.024 million in the same period last year, resulting in a basic loss per share of $0.0006 [1] Group 2: Trade and Supply Chain Management Services - The shipping volume in this segment decreased by approximately 14.0% to about $48.10 million, reflecting clients' cautious ordering behavior due to tariff-related uncertainties [1] - Revenue from trade and supply chain management services fell by about 18.2% to approximately $7.00 million, down from about $8.50 million in the previous year, attributed to the decline in shipping volume and changes in the sales mix [1] Group 3: Cultural Entertainment Business - Total revenue in the cultural entertainment sector dropped by approximately 25.9% to about $8.20 million, down from about $11.00 million in the same period last year [1] - The revenue decline was driven by multiple challenges, including intensified competition in online claw machine platforms, oversaturation in the trendy toy industry, and ongoing trade tensions that have negatively impacted domestic consumer spending [1]

Core Viewpoint - Daohe Global (00915) expects to incur a loss of no less than $900,000 in the first half of 2025, compared to nearly breakeven in the same period last year [1] Summary by Relevant Sections - **Financial Performance** - The company anticipates a loss of at least $900,000 for the upcoming reporting period [1] - Last year's performance was close to breakeven [1] - **Reasons for Loss** - The board attributes the expected loss primarily to the intensified challenges and uncertainties in the business environment due to the trade war, resulting in a decline in sales compared to the same period last year [1] - The trade and supply chain management services segment recorded a one-time restructuring cost of approximately $400,000 [1]