Dowway Holdings Ltd. Reports 29% Drop in Gross Profit and Posts HK$12.79 Million Net Loss for First Half of 2025 as Showroom-Related Sales Decline

Reuters2025-09-26
Dowway Holdings Ltd. Reports 29% Drop in Gross Profit and Posts HK$12.79 Million Net Loss for First Half of 2025 as Showroom-Related Sales Decline

Dowway Holdings Limited reported its unaudited interim results for the six months ended 30 June 2025. The Group recorded a net loss of HK$12.79 million for the period, compared to a profit of RMB4.55 million for the same period in 2024. Gross profit was approximately RMB4.85 million, a decrease of RMB1.99 million or 29.10% year-on-year, attributed mainly to lower-margin projects and increased operating costs. The company noted a substantial decrease in income from exhibition showroom-related activities, partially offset by an increase in contributions from its SaaS platform services. Net cash used in operating activities was RMB8.15 million, compared to RMB9.19 million in the corresponding period last year. The Group generated RMB19.11 million in net cash from financing activities, up from RMB7.87 million a year earlier. The net increase in cash and cash equivalents was RMB9.17 million, compared to a decrease of RMB1.26 million in the previous year. Dowway Holdings stated it is continuing its strategic expansion in digital services and industrial ecosystems, with ongoing investments in digital technology and service talent to accelerate growth. The company maintained its presence across over 50 major cities in China, providing exhibition and event management services and highlighted ongoing relationships with clients including Lamborghini and Volkswagen. No dividend was recommended for the reporting period.

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