Green Build Technology (Y06) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue rose to RMB1.622m from RMB870k, but gross profit fell to RMB2k and net loss widened to RMB1.732m from RMB526k.

• Material uncertainty exists over the ability to continue as a going concern; current liabilities exceeded current assets by RMB13.179m at 31 March 2025.

Financial highlights

• Revenue increased 86.5% YoY to RMB1.622m; cost of sales rose to RMB1.620m from RMB200k, leaving gross profit of RMB2k versus RMB670k.

• Loss before tax was RMB1.694m versus RMB396k; net loss was RMB1.732m versus RMB526k, including income tax expense of RMB38k versus RMB130k.

• Administrative expenses increased to RMB1.366m from RMB1.075m, partly reflecting hotel management and consultancy operations after the Elements Plus acquisition.

• Operating cash inflow was RMB428k, partly offset by RMB647k of financing outflows; cash fell by RMB219k to RMB773k from RMB992k at year-end 2024.

Outlook and guidance

• Plans include securing additional management, consultancy and maintenance projects and pursuing new business in China, Singapore or elsewhere to diversify revenue.

• Fundraising opportunities are being explored, with discussions held with potential investors to strengthen cash and the financial position.

• Elements Plus hotel management and consultancy is intended to diversify revenue; Hotel Nuve Elements Pte Ltd is to provide operating expertise and resources.