Deewin Tianxia Co. Ltd. released its interim results for the six months ended 30 June 2025. The company reported a decrease in profit before income tax of 20.1%, falling from RMB147.8 million in the first half of 2024 to RMB118.1 million in the same period of 2025. The decline was primarily attributed to an increase of RMB15.4 million in credit impairment losses, a decrease of RMB7.7 million in other income, and a rise in net finance costs of RMB9.2 million. Other income decreased by 64.7% to RMB4.2 million, compared to RMB11.9 million in the prior-year period, mainly due to a lower amount of fiscal subsidies received in the first half of 2025. Net other gains amounted to RMB0.7 million, compared to net other losses of RMB0.5 million in the previous year, reflecting an increase in liquidated damages, penalty interest, and fines received from suppliers, as well as a decrease in penalty expenses. Net finance costs shifted from net finance income of approximately RMB1.2 million in the prior-year period to net finance costs of RMB8.0 million, mainly due to a RMB9.0 million decrease in interest on bank deposits. Deewin Tianxia continues to focus on employee engagement and cost efficiency measures. The company is also undertaking team-building activities to strengthen workforce cohesion and support corporate development. The business operates across three sectors: logistics and supply chain service, supply chain financial service, and IoV and data service.
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. Deewin Tianxia Co. Ltd. published the original content used to generate this news brief on September 25, 2025, and is solely responsible for the information contained therein.
Comments