Green Build Technology (Y06) H1 2025 earnings summary

Executive summary

• HY2025 revenue rose to RMB2.989m from RMB1.739m, but results shifted to a gross loss and net loss widened to RMB3.380m from RMB1.410m.

• Material uncertainty remains over going concern amid net current liabilities of RMB15.426m; management plans to pursue new business and fundraising.

Financial highlights

• Revenue increased 71.9% YoY to RMB2.989m; cost of sales was RMB3.168m, producing a gross loss of RMB179k versus gross profit of RMB1.339m.

• Loss before tax was RMB3.342m versus RMB1.150m; net loss was RMB3.380m versus RMB1.410m.

• Administrative expenses rose 6.3% to RMB2.723m; HY2025 included RMB211k expected credit loss allowance and RMB242k finance costs.

Outlook and guidance

• Plans include sourcing new projects in China, Singapore or elsewhere, expanding hotel-management business and exploring fundraising to strengthen liquidity.

• No dividend was declared for HY2025 to conserve resources for current projects, potential sustainable-development projects and new businesses.