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Glory Health Industry (2329) investor relations material

Glory Health Industry H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary29 Aug, 2025

Executive summary

  • Revenue for the six months ended June 30, 2025 was RMB324.2 million, down 67.2% year-over-year, mainly due to lower property development completions and sales.

  • Gross profit dropped to RMB4.4 million from RMB432.3 million a year earlier, reflecting a sharp decline in property development income.

  • Net loss widened to RMB170.0 million, with net loss attributable to owners at RMB225.2 million, up from RMB64.4 million and RMB58.7 million respectively.

  • Contracted sales fell 45.0% year-over-year to RMB651.1 million, with Beijing accounting for 87.7% of total contracted sales.

  • The company is transitioning from real estate to the health industry, focusing on wellness communities, online health services, and regenerative medicine.

Financial highlights

  • Revenue: RMB324.2 million (down 67.2% year-over-year).

  • Gross profit: RMB4.4 million (down from RMB432.3 million year-over-year).

  • Net loss: RMB170.0 million; loss attributable to owners: RMB225.2 million.

  • Basic and diluted loss per share: RMB5.07 cents (vs. RMB1.32 cents year-over-year).

  • Cash and bank balances: RMB333.9 million as of June 30, 2025.

Outlook and guidance

  • Real estate market expected to remain in a bottom adjustment phase with weak demand and declining prices despite policy support.

  • The company will continue to shrink real estate operations, reduce debt, and accelerate its health industry transformation.

  • Further policy adjustments are anticipated, shifting from demand stimulation to enterprise stabilization.

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