BBMG Corporation reports increased losses, high debt amid governance changes

BBMG Corporation reported a net loss of 1,908.9 million yuan for the six months ended June 30, 2025, an increase of 9.1% year-on-year. Net loss attributable to parent company shareholders surged 85.4% to 1,495.6 million yuan, resulting in basic losses per share of 0.19 yuan, up 58.3% from 0.12 yuan in the prior period. Operating revenue saw a marginal increase of 0.01% to 45,565.7 million yuan.

The company is undergoing corporate governance changes, including the abolishment of its Supervisory Board, with duties transferred to the Audit and Risk Committee. Two non-executive directors, Yu Fei and Jiang Changlu, resigned in March and August 2025, respectively. To fill these positions, Zhao Xinjun was nominated as a non-executive director, and Yin Yuanping was nominated as an independent non-executive director.

The company also highlighted an increase in gross profit margin from its principal business to 10.6%, up 1.0 percentage points. Total assets grew 3.1% to 272,135,855 million yuan, while total liabilities increased by 5.3% to 181,075,549,945.22 yuan, raising the debt ratio to 66.5%.