Kinetic Development profit plunges 49% despite diversification push

Kinetic Development Group reported revenue fell 0.9% to RMB2.51 billion in H1 2025, with coal revenue down 7.1%. Non-coal segments including property management surged 639.2% to RMB179.2 million following acquisitions of Seedlife, Qinhuangdao Jifu, and Maoming Shengda/Shengcheng.

Profit after tax plummeted 48.6% to RMB558.1 million. The board declared a HK$0.05 interim dividend payable in four phases from November 2025 to February 2026.