Jia Yao Holdings reports significant revenue decline, swings to loss

Jia Yao Holdings Limited reported a significant downturn in its interim results for the six months ended June 30, 2025. Revenue plummeted by 64.9% to approximately RMB260.5 million from RMB742.7 million in the corresponding period of 2024. This decrease was primarily attributed to the disposal of the paper cigarette packages business and reduced electronic cigarette sales, particularly in Europe and the Americas.

The company posted a loss attributable to owners of approximately RMB16.8 million for the period, a stark contrast to the profit of RMB14.8 million reported in the first half of 2024. Gross profit decreased by 62.3% to RMB57.8 million, though the gross profit margin improved slightly from 20.7% to 22.2%. Electronic cigarettes ancillary services, however, saw a remarkable growth of 102.4% to RMB39.5 million.

Total assets stood at RMB605.4 million as of June 30, 2025, down from RMB866.4 million at December 31, 2024. The board did not recommend an interim dividend for the period.