Joyvio Food reports significant revenue decline, widening net loss in first half

Joyvio Food Co., Ltd., a subsidiary of Legend Holdings Corporation, has announced its unaudited half-year results for the six months ended June 30, 2025. The company reported a significant drop in revenue, falling by 33.96% to RMB1,244,606,831.75 from RMB1,884,578,082.62 in the prior year. The net loss attributable to shareholders widened by 6.51% to RMB419,233,264.17 compared to RMB393,598,582.30 in the same period last year. Basic and diluted loss per share both increased by 6.51% to RMB2.4066.

The financial report also highlighted a dramatic increase in net cash outflow from operating activities, which surged by 461.33% to RMB616,551,030.90. Total assets plummeted by 93.16% to RMB635,639,938.78 as of June 30, 2025, from RMB9,295,306,013.20 at December 31, 2024. However, net assets attributable to shareholders showed a significant increase of 163.87%, rising to RMB282,777,518.21 from a negative RMB442,750,094.62.

Legend Holdings reminded shareholders that this financial information pertains solely to Joyvio Food and may not reflect the overall performance of Legend Holdings and its subsidiaries. Investors are advised to exercise caution when trading the company's securities.