Baoye Group Reports 34% Revenue Decline, 49% Drop in Operating Profit for H1 2025
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Baoye Group Company Limited reported a 34% decline in revenue for H1 2025, totaling RMB8.50 billion, down from RMB12.77 billion the previous year. Operating profit fell by 49%, with profit for the period at RMB143.4 million compared to RMB423.3 million in H1 2024. The property development segment achieved contract sales of approximately RMB1.78 billion, with significant contributions from projects in Lishui, Shaoxing, Bozhou, and Fuyang. The company noted a decrease in recognized property projects and lower profit margins year-over-year.
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