Pacific Millennium loss widens 60% in first half 2025 as revenue holds

Pacific Millennium Packaging Group Corporation announced unaudited interim results for the six months ended June 30, 2025, reporting a net loss attributable to owners of the company of RMB24.5 million. This represents a 60.0% increase in loss compared to RMB15.3 million in the corresponding period of 2024. Revenue for the period was RMB993.9 million, a slight decrease of 0.3% from RMB997.2 million in the prior year. The basic loss per share widened to RMB0.08, up from RMB0.05.

The increase in net loss was primarily attributed to a drop in sales unit price and investments in new plants. Gross profit declined by 11.9% to RMB131.8 million from RMB149.6 million, with the gross profit margin falling to 13.3% from 15.0%. Finance costs increased significantly by 29.2% to RMB22.9 million, mainly due to an increase in bank loans.

The company's administrative expenses decreased by 14.6% to RMB72.4 million due to enhanced cost control measures, while selling and distribution expenses rose by 0.9% to RMB68.1 million. The board has resolved not to declare any interim dividend for the period.