Core Viewpoint - Datong Group (00544) reported a significant decline in its mid-year performance for 2025, with total revenue dropping by 38.6% year-on-year and a net loss of 36.93 million HKD, which represents an increase of 86.9% in losses compared to the previous year [1] Financial Performance - Total revenue for the period was 76.625 million HKD, reflecting a year-on-year decrease of 38.6% [1] - The net loss amounted to 36.93 million HKD, which is an increase of 86.9% compared to the previous year [1] - Basic loss per share was reported at 1.27 HKD [1] Revenue Breakdown - Revenue from the frozen warehouse and related services decreased by approximately 33.2% [1] - Revenue from food and beverage trading and sales in mainland China saw a significant decline of about 61.8% [1] - The declines in revenue were primarily attributed to a challenging macroeconomic environment that weakened demand for the group's products and services [1] Accounting Impact - The cumulative impact of accounting treatment related to the extension of the frozen warehouse lease agreement at the end of 2024 also contributed to the financial results [1]

Core Viewpoint - Datong Group (00544) anticipates a net loss attributable to equity holders of approximately HKD 36.8 million for the six months ending June 30, 2025, compared to a net loss of approximately HKD 19.76 million for the same period ending June 30, 2024 [1] Group Performance - The expected loss is primarily attributed to a revenue decrease of approximately 33% in the frozen warehouse and related services business [1] - Revenue from the food and beverage trading and sales business in mainland China is expected to decrease by approximately 62% [1] - The revenue declines in both segments are mainly due to a challenging macroeconomic environment that has weakened demand for the group's products and services [1] Accounting Impact - The cumulative impact of accounting treatment related to the extension of the frozen warehouse lease agreement at the end of 2024 is also a contributing factor to the anticipated loss [1]