Hao Bai International (Cayman) Ltd. has reported its annual consolidated results for the year ending March 31, 2025. The Group's total revenue increased by approximately HK$2.6 million, or 12.0%, rising from HK$21.9 million in 2024 to HK$24.5 million in 2025. Despite this growth in revenue, the Group experienced a significant increase in net loss, which rose from approximately HK$10.5 million in 2024 to HK$19.3 million in 2025. This increased net loss was primarily attributed to a substantial impairment loss on contract assets and trade receivables. The Group remains committed to seeking business and investment opportunities in Hong Kong and China and is implementing cost reduction programs to manage cash outflows and expenses, while evaluating business strategies regularly to enhance its financial position.
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