BAOYE GROUP released its interim results, with a profit attributable to shareholders of 141 million yuan, a year-on-year decrease of 62.29%
BAOYE GROUP released its interim results for the period ending June 30, 2025, with a revenue of RMB 8.503 billion, a year-on-year decrease of 33.42%; profit attributable to shareholders of RMB 141 million, a year-on-year decrease of 62.29%; and basic earnings per share of RMB 0.27. The revenue from construction operations was approximately RMB 5.657 billion, a decrease of about 34%; operating profit was approximately RMB 167 million, a decrease of about 49%. The decline was mainly due to the continued drop in real estate investment, market contraction, and intensified industry competition
According to the Zhitong Finance APP, BAOYE GROUP (02355) announced its performance for the six months ending June 30, 2025. During the period, the group achieved a revenue of RMB 8.503 billion, a year-on-year decrease of 33.42%; the profit attributable to the owners of the company was RMB 141 million, a year-on-year decrease of 62.29%; the basic earnings per share were RMB 0.27.
For the six months ending June 30, 2025, the group's construction business achieved a revenue of approximately RMB 5.657 billion, a decrease of about 34% compared to the same period last year; the operating profit was approximately RMB 167 million, a significant decrease of about 49% compared to the same period last year. The decline in revenue and operating profit of the construction business was mainly due to the continuous decline in real estate investment, resulting in a sharp contraction of the market and intensified industry competition
