Hao Bai International (Cayman) Limited (Stock Code: 8431) reported its unaudited interim results for the six months ended 30 September 2025. Revenue rose to HK$23.9 million, compared to HK$7.2 million for the same period last year, driven in part by the progress of several management contracting projects focused on water circulation systems. Cost of services increased to HK$14.0 million from HK$4.1 million in the corresponding prior period.
Gross profit stood at HK$10.0 million, showing a notable increase from HK$3.1 million a year earlier. After accounting for administrative and finance costs, the company returned to profit with HK$1.9 million, compared to a HK$5.2 million loss during the same period in 2024. The board did not declare any interim dividend. As at 30 September 2025, the group’s net assets amounted to HK$11.6 million, up from HK$6.0 million at the end of March 2025.
During the reporting period, share consolidation and capital reduction were completed, adjusting the par value and number of the company’s issued shares. Additionally, Hao Bai International (Cayman) Limited entered into a factoring agreement covering certain receivables and announced a proposed rights issue to strengthen its capital base. The Board noted that the group will continue assessing project opportunities in Hong Kong and Mainland China despite uncertainties in the broader economic environment, emphasizing prudent cost management and ongoing business development strategies.
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