Ruixin International Group(00724) Announces 2025 Mid-Year Results, Losses Reduced to Approximately HKD 6 Million

LootboxPhobia · 2026-03-01T12:23:48+00:00

Ruixin International Group announced that by June 30, 2025, the first half of the year, the company's revenue was zero, but losses decreased from approximately HKD 204 million to about HKD 6 million, mainly due to reduced operating losses and management expenses. The global economic slowdown and increased competition have affected its electronic products business.

LootboxPhobia

2026-03-01 12:23:48

Abstract generation in progress

Tongtong Finance APP News, Ruixin International Group (00724) announced that for the six months ending June 30, 2025, and the six months ending June 30, 2024, the Group did not report any income. The reported loss during the period decreased from approximately HKD 204 million to about HKD 6 million. The reduction in loss was mainly due to lower operating losses and management expenses in the electronic products business, as well as decreased estimated interest expenses on convertible stocks and shareholder loans. Due to the weak global economic environment, global tariff protection issues, rising interest rates, rapid industry advancements, development, and intense competition, coupled with the Group’s poor financial condition, the image and confidence of the Group’s electronic products business among customers were further affected. As a result, the cost of electronic products during the reporting period decreased to basic operating costs, leading to a reduction in operating losses compared to the relevant period.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.