China Carbon Neutral Development Group Limited (1372) announced its unaudited interim results for the six months ended 31 December 2025. Revenue reached HK$352.09 million, compared to HK$307.76 million in the same period of the previous year. Gross profit was HK$28.23 million, up from HK$25.21 million in the prior period.
The company recorded a profit attributable to owners of HK$25.67 million, reversing a loss of HK$26.26 million in the comparable period. Management noted that the turnaround was primarily linked to a fair value gain on carbon-credit assets of HK$49.35 million and reduced finance costs related to convertible bonds. Earnings per share were HK4.0 cents, compared to a loss per share of HK4.9 cents in the previous period.
As of 31 December 2025, carbon-credit assets stood at HK$149.51 million, increasing from HK$100.16 million. In the Global Carbon Neutrality segment, the main activities included carbon-credit asset trading, carbon consulting, and carbon planning. The Digital Technology segment focused on expanding the “Green Credit Chain” services and upgrading “ClimateStore” for carbon asset development, trading, and management. Battery recycling, re-use, and energy storage remained key priorities in the Battery Cascading Utilization segment, while construction and maintenance formed the core of the Ecological Governance and Civil Engineering segment.
Looking ahead, emphasis is placed on the Global Carbon Neutrality and Digital Technology businesses, including continued development of carbon-credit projects and further enhancements to digital platforms. In the Ecological Governance and Civil Engineering segment, the company reported HK$268.12 million in revenue, with five building projects and five civil engineering projects in progress at the period’s close.
As of 31 December 2025, net current assets totaled HK$27.30 million and net assets were HK$41.65 million. The overall gearing ratio was approximately 258%. Convertible bonds carried a principal amount of HK$93.00 million, and the remaining principal of its promissory notes stood at HK$16.10 million. The board does not recommend any interim dividend for the reporting period.