Taizhou Water Group Reports 8.5% Revenue Decline and Narrower Net Loss for H1 2025; EPS at RMB -0.10

Reuters
2025.09.26 09:49
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Taizhou Water Group Co. Ltd. reported an 8.5% revenue decline for H1 2025, with revenue at RMB 274.9 million, down from RMB 300.3 million in H1 2024. The company narrowed its net loss to RMB 24.0 million from RMB 46.9 million year-on-year, with EPS at RMB -0.10. Gross profit decreased to RMB 51.9 million, and gross profit margin fell to 18.9%. The reduction in loss was attributed to government financial support. Total assets were RMB 5.64 billion, and total liabilities were RMB 4.69 billion.

Taizhou Water Group Co. Ltd. reported its financial results for the six months ended 30 June 2025. Revenue for the period was RMB 274.9 million, compared to RMB 300.3 million for the same period in 2024, reflecting a decrease mainly attributed to lower water sales volume. The company recorded a loss before tax of RMB 13.9 million, narrowing from a loss before tax of RMB 32.8 million in the prior-year period. After accounting for income tax expense, the loss for the period was RMB 24.0 million, compared to RMB 46.9 million in the first half of 2024. Loss attributable to owners of the parent was RMB 19.9 million, down from RMB 36.3 million in the prior-year period. Gross profit declined from RMB 67.6 million in the first half of 2024 to RMB 51.9 million for the reporting period. Gross profit margin decreased from 22.5% to 18.9% year-on-year. Other income and gains increased to RMB 28.4 million from RMB 15.2 million, primarily due to financial subsidies received by Taizhou South Bay Water Supply from the Yuhuan government. Total assets as of 30 June 2025 stood at RMB 5.64 billion, while total liabilities were RMB 4.69 billion. The company indicated that the reduction in loss for the period was largely due to government financial support received during the reporting period. No outlook or guidance was provided in the report. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Taizhou Water Group Co. Ltd. published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here