Gaodi Holdings Limited (stock code: 1676) has released its annual report for the year ended 30 June 2025. According to the report, revenue from the Group's food products business reached RMB367.9 million, up 3.7% year-on-year, while gross profit decreased slightly to RMB11.6 million due to product mix changes. In addition, the Group’s newly launched food and beverage business contributed RMB67.5 million in revenue, with a segment gross margin of 58.6%. Overall, the Group reported a net loss of approximately RMB99.7 million, mainly attributed to increased distribution costs and expected credit losses on receivables.
The Group undertook share placements and a rights issue during the reporting period. On 24 July 2024, Gaodi placed 10,010,000 shares, raising net proceeds of approximately HK$13.6 million. Subsequently, on 3 January 2025, a rights issue of 34,434,857 new shares was completed, raising around HK$13.5 million net. Post-reporting period, on 18 September 2025, the Company announced a new placing agreement involving up to 30,802,000 shares at HK$0.43 each, with estimated net proceeds of HK$12.94 million. No final dividend was declared for the reporting year.
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