Qidian Guofeng cuts first-half loss as revenue grows

China Qidian Guofeng Holdings Limited reported a narrowed loss attributable to owners of RMB19.286m for the six months ended 30 June 2025, a substantial improvement from RMB32.579m in the same period of 2024. This reduction in loss comes as total revenue increased by 4.9% to RMB181.907m, up from RMB173.335m previously. The gross profit also saw a notable rise of 14.2% to RMB37.359m, contributing to an improved gross profit margin of 20.5% compared to 18.9% in 2024.

The company's strategic shifts in its business segments yielded mixed results. Sales of home appliances grew to RMB124.049m (2024: RMB118.492m), and education-related training services more than doubled to RMB40.643m (2024: RMB18.535m). However, liquor sales revenue decreased by 52.6% to RMB17.215m (2024: RMB36.308m) due to market adjustments and strategic channel optimizations.

Operating loss for the period decreased by 17.5% to RMB23.529m. The Group also recorded a net financial income of RMB2.068m, a significant turnaround from a net finance cost of RMB9.416m in the prior year, primarily driven by a gain on foreign exchange from borrowings. Basic loss per share improved to RMB0.01 from RMB0.09.