Legend Holdings reports strong interim growth, profit surges 144%

Legend Holdings reported a substantial increase in revenue and net profit for the six months ended June 30, 2025. Total revenue rose by 21% year-on-year to RMB281,589 million, up from RMB233,364 million in the same period of 2024. Net profit attributable to equity holders of the company surged by 144% to RMB699 million, compared to RMB286 million previously. Basic earnings per share increased from RMB0.12 to RMB0.30.

The diversified-industries operation segment was the primary driver of this growth, with revenue increasing by 21% to RMB279,141 million and net profit attributable to equity holders rising by 28% to RMB1,836 million. Lenovo, a key subsidiary, saw its revenue increase by 24% to RMB257,151 million, contributing RMB1,341 million to attributable net profit. BIL also demonstrated strong performance, with net profit expanding by 17% to RMB633 million due to effective cost control. Industrial incubations and investments, while still reporting a net loss of RMB386 million, significantly narrowed their losses compared to RMB451 million in 2024.

The company's asset base expanded by 5% to RMB733,084 million as of June 30, 2025. Total borrowings increased to RMB139,613 million, with the rise primarily attributed to an increase in corporate bonds. Despite a current ratio of less than 1, robust business stability and operating cash flow forecasts provide confidence in honoring maturing debts.