Golden Throat Holdings: revenue, profit plunge amid strategy shift

Golden Throat Holdings Group reported a significant decrease in its interim results for the six months ended 30 June 2025. Revenue plummeted by 39.1% to 319.2 million yuan, compared to 524.5 million yuan in the same period of 2024. This decline was primarily attributed to reduced purchases from distributors following adjustments to product marketing strategies. Gross profit also fell sharply by 37.1% to 246.3 million yuan from 391.8 million yuan year-on-year.

Profit attributable to equity holders of the company decreased by 37.6%, settling at 83.7 million yuan, down from 134.2 million yuan in the prior year. Basic and diluted earnings per share were 11.32 cents, a decrease from 18.15 cents. The company's gearing ratio significantly increased to 56.6% from 29.1% as of 31 December 2024, reflecting a rise in total interest-bearing bank and other borrowings to 684.0 million yuan. The board did not recommend an interim dividend for the period.