China Partytime Culture Holdings Ltd. Reports 25% Drop in Revenue for H1 2025, Posts Net Loss Due to Impairment Charges
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China Partytime Culture Holdings Ltd. reported a 25% drop in revenue for H1 2025, totaling RMB 122.951 million, down from RMB 164.639 million in H1 2024. The company incurred a net loss of RMB 43.904 million, compared to a profit of RMB 768,000 in the previous year, largely due to an impairment charge of RMB 47.165 million. The Directors have decided against recommending an interim dividend for this period.
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