SKYLIGHT HLDG released its interim results, with revenue of HKD 135 million

According to the Zhitong Finance APP, SKYLIGHT HLDG (03882) released its interim results for the six months ending June 30, 2025, reporting revenue of HKD 135 million, a year-on-year decrease of 1.1%; the loss attributable to shareholders was HKD 20.501 million, a year-on-year narrowing of 16.8%; and the loss per share was HKD 0.02.

Due to customers' reluctance to invest in new product development, the group's core Joint Design Manufacturing (JDM) business performed significantly poorly. As a result, the group has begun a strategic transformation towards Original Design Manufacturing (ODM) business. This transformation achieved positive results in the first half of 2025, and the group believes that the ODM business will greatly improve its financial performance.

The group has observed that the instant retail delivery industry in Chinese supermarkets has experienced rapid growth since 2020, largely driven and accelerated by changes in consumer spending habits, the increasing popularity of food delivery during the COVID-19 pandemic, the rising penetration of mobile phones, and the growing demand for convenience brought about by the busy lifestyles of Chinese consumers. Additionally, the consumption downgrade caused by changes in China's economic cycle in recent years has also partially driven its rapid development.

In December 2024, the group decided to launch a new business division related to instant retail delivery system services for supermarkets in China.

In the first half of 2025, the group is in the final stages of negotiations with several top-tier internet-based supermarkets and large physical chain supermarkets with online platforms. These supermarkets will utilize the instant delivery system services provided by the group to distribute part of their instant retail delivery business in certain regions of China. Accordingly, the group will provide supermarkets and designated riders with a one-stop comprehensive instant delivery system service, including dedicated electric delivery vehicles, new energy batteries, new energy charging equipment, and corresponding smart management software.

In addition, the group has signed asset procurement agreements with suppliers to purchase approximately 3,200 electric delivery vehicles and related accessories (including new energy batteries and new energy charging equipment), as well as a licensing agreement for smart management software to establish an online platform with an independent software development company