China Greenland Broad Greenstate Reports Revenue Surge but Net Loss Deepens for H1 2025
Reuters
Sep 02, 2025
China <a href="https://laohu8.com/S/01253">Greenland Broad</a> Greenstate Reports Revenue Surge but Net Loss Deepens for H1 2025
China Greenland Broad Greenstate Group Co. Ltd. announced its unaudited consolidated interim results for the six months ended 30 June 2025. The company reported a revenue of RMB7.154 million, marking an increase from RMB3.532 million in the same period in 2024. Despite the rise in revenue, the company faced a net loss attributable to the owners of the Parent of RMB29.551 million, a substantial increase from the RMB5.058 million net loss recorded in the same period of the previous year. The gross profit for the first half of 2025 was RMB2.863 million, compared to RMB1.760 million in 2024, with the gross profit margin decreasing by 9.8 percentage points to 40.0%. The company highlighted that its portfolio primarily consists of PPP projects, with five having transitioned to operation and maintenance. The Group is actively involved in construction, design, maintenance, and operation services, with significant contributions from operation and maintenance services for hydroelectric power stations.
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