Evergreen Products Group Ltd. Reports 11.3% Decrease in Revenue for Interim 2025 Period

Reuters
Yesterday
<a href="https://laohu8.com/S/EEVRY">Evergreen Products Group Ltd</a>. Reports 11.3% Decrease in Revenue for Interim 2025 Period

Evergreen Products Group Ltd. has reported its interim financial results for the first half of 2025, showing a decline in revenue compared to the same period in 2024. The Group's revenue amounted to HK$465.7 million, reflecting a decrease of HK$59.5 million, or 11.3%, from HK$525.2 million in the previous year. This decrease was primarily attributed to diminished market demand for lower-margin braid products. The company's financial performance was adversely affected by uncertainties in trade policies and increased U.S. tariffs, which negatively impacted customer sentiment and resulted in higher distribution and selling expenses due to the costs associated with new overseas sales offices. Evergreen Products Group continues to focus on its core business, with efforts to enhance operations and strengthen communication channels with customers. The Group is actively exploring new markets and accelerating the development of additional e-commerce platforms to mitigate the impact of global trade volatilities. The Board of Evergreen Products Group remains optimistic about navigating the complexities of the global trade environment and anticipates a gradual recovery in demand for its core products towards the end of the year. The company will continue to adjust its strategies in the best interest of its shareholders over the medium to long term.

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