China In-Tech Limited Reports 42% Revenue Decline to HK$105.8 Million and HK$55.7 Million Net Loss for Fiscal Year Ending March 2025

Reuters
Jun 30
China In-Tech Limited Reports 42% Revenue Decline to HK$105.8 Million and HK$55.7 Million Net Loss for Fiscal Year Ending March 2025

China In-Tech Limited has announced its audited financial results for the year ended March 31, 2025. The company reported a significant decrease in revenue, totaling HK$105.797 million, compared to HK$180.995 million in the previous year. This decline was primarily due to reduced sales in both of its segments: electrical haircare appliances and information technology services in the PRC. The Group's gross profit shifted to a gross loss of HK$5.480 million from a gross profit of HK$35.691 million reported in the previous year. The company also faced a substantial increase in administrative expenses, which rose to HK$49.521 million from HK$37.166 million in the prior year, contributing to a loss from operations of HK$53.973 million compared to a loss of HK$2.636 million in the previous period. The loss before tax widened to HK$55.738 million from HK$4.054 million in the previous year. Despite these challenges, the company recorded an income tax credit of HK$1.529 million, compared to an expense of HK$3.786 million in 2024. The revenue from sales of electrical haircare appliances amounted to HK$75.246 million, while the provision of information technology services generated HK$30.551 million, reflecting the Group's dual focus on these business segments. There was no mention of any specific outlook or guidance for the upcoming period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China In-Tech Limited published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10