Jiu Rong Holdings Limited (2358) released its unaudited interim results for the six months ended 31 December 2025. Revenue was reported at HK$104.03 million, compared to HK$365.60 million in the previous comparative period. Gross profit came in at HK$18.92 million, while the gross profit margin rose from 7.10% to 18.20%.

Total operating expenses and finance costs weighed on overall performance. Other income and gains were HK$41.28 million, including government grants and a net exchange gain. The group recorded a loss after income tax of HK$8.80 million, narrowing from HK$20.84 million in the previous six-month period. Basic loss per share was HK0.16 cents.

As of 31 December 2025, net current liabilities were HK$1.19 billion. Net liabilities stood at HK$255.60 million, and total cash and cash equivalents were HK$14.77 million. The group had bank and other loans of HK$901.58 million, with a portion in default. No interim dividend was proposed.

By segment, the Digital Video Business generated HK$18.32 million in revenue, while the New Energy Vehicles Business contributed HK$76.37 million. The Properties Investments segment reported HK$8.90 million in revenue. The Cloud Ecological Big Data Business saw HK$0.44 million in turnover.

Subsequent to the reporting period, the group agreed to dispose of certain new energy public transportation charging stations. The group also faced multiple legal proceedings and bank account freezes in the PRC, involving an amount of approximately RMB282.90 million. The group further received a notice regarding a refund of advance payments totaling RMB205.00 million related to a terminated disposal plan.

According to the interim report, management intends to focus on cost control across its various operations. The board did not recommend any interim dividend for this reporting period.