Sky Light Holdings' interim loss widens, revenue dips amid camera business struggles

Sky Light Holdings Limited announced a loss of HK$29.889 million for the six months ended June 30, 2025, increasing from HK$39.602 million in the prior period. Revenue slightly decreased by 1.1% to HK$134.513 million. Gross profit sharply declined by 47.3% to HK$14.564 million, with the gross profit margin dropping to 10.8% from 20.3%, largely due to a HK$13.6 million allowance for inventories.

The camera products and related accessories business recorded a loss of HK$29.889 million, compared to HK$21.553 million in 2024. In response to weak global demand and intense price competition, the Group is shifting from Joint Design Manufacturing (JDM) to Original Design Manufacturing (ODM) operations. Additionally, Sky Light Holdings launched a new business segment providing on-demand retail delivery system services for Superstore Chains in the PRC, investing in 3,200 Delivery EVs and smart management software.

Cash and cash equivalents increased to HK$59.444 million. The gearing ratio rose to approximately 151.6% due to increased interest-bearing bank borrowings. The company did not recommend an interim dividend for 2025.