Core Viewpoint - Tianping Daohe (08403) has experienced a significant decline in revenue and has reported a loss for the first half of 2025, primarily due to ongoing business restructuring and a drop in exhibition-related activities, although this was partially offset by growth in SaaS platform services [1] Financial Performance - In the first half of 2025, the company achieved revenue of approximately HKD 44.87 million, representing a year-on-year decrease of about 23.20% [1] - The company reported a loss attributable to shareholders of HKD 12.025 million, marking a shift from profit to loss compared to the previous year [1] - Basic loss per share was recorded at HKD 0.0864 [1] Shareholder Activity - On November 12, shareholders transferred shares from Luhua Securities to Yuanyuan Securities, with a market value of HKD 21.0444 million, accounting for 8.99% of the total shares [1] Business Operations - The decline in revenue is attributed to the ongoing transformation and optimization of the core business structure, alongside a significant drop in revenue from exhibition-related activities [1] - The decrease in revenue was partially mitigated by a notable increase in output from the SaaS platform services [1]

Core Insights - The company Tianping Daohe (08403) reported a mid-year performance for 2025, with revenue approximately 44.87 million, representing a year-on-year decrease of about 23.20% [1] - The company experienced a loss attributable to owners of 12.025 million, marking a shift from profit to loss compared to the previous year; basic loss per share was 8.64 cents [1] - The decline in revenue is primarily attributed to the ongoing transformation and optimization of the core business structure, with a significant drop in revenue from exhibition-related activities; however, this decline was partially offset by substantial growth in revenue from SaaS platform services [1]

Core Insights - Tianping Daohuo (08403) reported a mid-year performance for 2025, with revenue approximately 44.87 million, representing a year-on-year decrease of about 23.20% [1] - The company experienced a loss attributable to owners of 12.025 million, marking a shift from profit to loss compared to the previous year; basic loss per share was 8.64 cents [1] - The decline in revenue was primarily due to ongoing transformation and optimization of core business structure, with significant decreases in revenue from exhibition-related activities; however, this decline was partially offset by substantial growth in revenue from SaaS platform services [1]