Megain Holding Reports 7.7% Revenue Increase, Swings to Loss with RMB 38.6 Million Net Loss, EPS Drops to (0.074) RMB for Six Months Ending June 2025
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Megain Holding (Cayman) Co. Ltd. reported a 7.7% revenue increase to RMB 70.8 million for the six months ending June 30, 2025. However, the company faced a net loss of RMB 38.6 million, a significant decline from a profit of RMB 0.41 million in the previous period. Gross profit fell by 53.4% to RMB 9.9 million, with the gross profit margin dropping from 32% to 14%. The downturn was attributed to lower-margin sales and a decrease in other net income due to delayed government grants. No future outlook was provided.
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