C WAN TONG YUAN released its interim results, with a loss attributable to shareholders of 9.389 million yuan, turning from profit to loss year-on-year
C WAN TONG YUAN released its interim results for the period ending June 30, 2025, reporting revenue of 11.066 million yuan, a year-on-year decrease of 54.15%; the loss attributable to shareholders was 9.389 million yuan, compared to a profit of 7.277 million yuan in the same period last year, with a loss per share of 0.09 yuan. The decrease in revenue was mainly due to the revaluation of value-added tax on funeral service income and a decline in the unit price of cemetery sales and demand for funeral services, resulting in a revenue decrease of 13 million yuan
According to the Zhitong Finance APP, C WAN TONG YUAN (06966) announced its interim results for the six months ending June 30, 2025, with the group achieving revenue of HKD 11.066 million, a year-on-year decrease of 54.15%; the loss attributable to the company's owners was HKD 9.389 million, compared to a profit of HKD 7.277 million in the same period last year; the loss per share was 0.9 cents.
The announcement stated that the decrease in revenue was mainly due to the additional reassessment of value-added tax on past funeral service revenue, as well as a decline in the unit price of cemetery sales and demand for funeral services, resulting in a revenue decrease of HKD 13 million
