United Strength (02337) announced its interim results for 2025, with revenue declining approximately 20% year-on-year to approximately HK$3.082 billion. The company recorded a loss attributable to equity shareholders of approximately HK$7.3 million, representing a shift from profit to loss compared to the same period last year. Basic loss per share was approximately HK$0.02.
According to the announcement, the revenue decrease was primarily attributable to reduced sales volume of the company's petroleum products during the first half of 2025. During the period, the group's refined oil sales revenue reached approximately HK$2.975 billion, down approximately 19% year-on-year, accounting for 97% of total revenue for the same period.
During the reporting period, refined oil sales volume was approximately 433,000 tons, representing a decrease of approximately 12% compared to the same period last year. The volume decline was mainly due to more automotive customers switching to new energy vehicles during the reporting period, leading to decreased market demand and consequently reduced petroleum product sales.
